What legal status does section 40 of the Prevention of Money-laundering Act, 2002 confer on the persons…
Section 40 deems the covered persons public servants and expressly refers to the former IPC definition. This status does not displace applicable corruption offences under…
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What legal status does section 40 of the Prevention of Money-laundering Act, 2002 confer on the persons covered by it?
Answer and explanation
Correct answer B
Section 40 deems the covered persons public servants and expressly refers to the former IPC definition. This status does not displace applicable corruption offences under the Prevention of Corruption Act, 1988.
Current law: the corresponding public-servant definition is in BNS section 2(28), read with the applicable repeal and construction rules.