Section 9 of the Prevention of Money Laundering Act, 2002 ensures that confiscated property-
Under s.9, once a confiscation order is made the rights and title "vest absolutely in the Central Government free from all encumbrances". Disposal by the Administrator comes…
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Section 9 of the Prevention of Money Laundering Act, 2002 ensures that confiscated property-
Answer and explanation
Correct answer A
Under s.9, once a confiscation order is made the rights and title "vest absolutely in the Central Government free from all encumbrances". Disposal by the Administrator comes later under s.10(3), on the Central Government's directions, and is not an automatic auction.