The objective of Section 9 of the Prevention of Money Laundering Act, 2002 is primarily to-
Section 9 vests confiscated property "absolutely in the Central Government free from all encumbrances", and its proviso lets charges created to defeat the Act be declared…
Choose your answer
The objective of Section 9 of the Prevention of Money Laundering Act, 2002 is primarily to-
Answer and explanation
Correct answer C
Section 9 vests confiscated property "absolutely in the Central Government free from all encumbrances", and its proviso lets charges created to defeat the Act be declared void. Attachment during investigation is dealt with by s.5, and punishment for money-laundering by s.4.