The Authority or Court under Section 24(a) of the Prevention of Money Laundering Act, 2002 shall…
PMLA s.24(a) states that for a person charged under s.3, the Authority or Court "shall, unless the contrary is proved, presume" that the proceeds of crime are involved in…
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The Authority or Court under Section 24(a) of the Prevention of Money Laundering Act, 2002 shall presume involvement of proceeds of crime:
Answer and explanation
Correct answer B
PMLA s.24(a) states that for a person charged under s.3, the Authority or Court "shall, unless the contrary is proved, presume" that the proceeds of crime are involved in money-laundering. The burden of proving the contrary is on the accused, and no Government direction or prior confiscation order is needed.