The nature of fine under Section 4 of the Prevention of Money Laundering Act, 2002 is-
Section 4 says the offender "shall also be liable to fine", so fine goes with the term of imprisonment, and since the 2012 amendment removed the earlier cap of five lakh…
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The nature of fine under Section 4 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer C
Section 4 says the offender "shall also be liable to fine", so fine goes with the term of imprisonment, and since the 2012 amendment removed the earlier cap of five lakh rupees no maximum amount is stated. The fine is therefore neither optional nor capped.