Under section 8(2) of the Prevention of Money-laundering Act, 2002, if the property specified in the…
The proviso to section 8(2) says that where property is claimed by a person other than the noticee, "that person shall also be given an opportunity of being heard to prove…
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Under section 8(2) of the Prevention of Money-laundering Act, 2002, if the property specified in the notice is claimed by a person other than the person to whom the notice was issued, such person shall-
Answer and explanation
Correct answer C
The proviso to section 8(2) says that where property is claimed by a person other than the noticee, "that person shall also be given an opportunity of being heard to prove that the property is not involved in money-laundering". He need not file a civil suit or go to the High Court, and the hearing is before the Adjudicating Authority itself.