The first proviso to Section 5(1) of the Prevention of Money Laundering Act, 2002 also recognises…
The first proviso to section 5(1) bars attachment unless a police report under section 173 of the CrPC (now section 193 of the BNSS) or a complaint before a Magistrate or…
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The first proviso to Section 5(1) of the Prevention of Money Laundering Act, 2002 also recognises reports or complaints filed-
Answer and explanation
Correct answer C
The first proviso to section 5(1) bars attachment unless a police report under section 173 of the CrPC (now section 193 of the BNSS) or a complaint before a Magistrate or court has been filed for the scheduled offence, "or a similar report or complaint has been made or filed under the corresponding law of any other country". A civil suit, a bank's internal report or a regulator's inspection note does not count.