Under the Prevention of Money-laundering Act, 2002, if the Special Court finds that no offence of…
Section 8(6) says that where the Special Court finds the offence "has not taken place or the property is not involved in money-laundering, it shall order release of such…
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Under the Prevention of Money-laundering Act, 2002, if the Special Court finds that no offence of money-laundering has taken place, it shall-
Answer and explanation
Correct answer C
Section 8(6) says that where the Special Court finds the offence "has not taken place or the property is not involved in money-laundering, it shall order release of such property to the person entitled to receive it". It does not keep the attachment alive, confiscate the property or send the matter back to the Adjudicating Authority.