Under the Prevention of Money-laundering Act, 2002, when the Special Court finds that the…
Section 8(5) says that where the Special Court finds the offence of money-laundering committed, "it shall order that such property involved in the money-laundering or which…
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Under the Prevention of Money-laundering Act, 2002, when the Special Court finds that the money-laundering offence has been committed, it shall order-
Answer and explanation
Correct answer C
Section 8(5) says that where the Special Court finds the offence of money-laundering committed, "it shall order that such property involved in the money-laundering or which has been used for commission of the offence of money-laundering shall stand confiscated to the Central Government". The property does not go to the State Government or back to the owner, and the offence cannot be compounded.