TMI BlogPower to investigate under PMLA - the expression “and” occurring in Section 3 has to be construed as...Power to investigate under PMLA - the expression “and” occurring in Section 3 has to be construed as “or”, to give full play to the said provision so as to include “every” process or activity indulged into by anyone. Projecting or claiming the property as untainted property would constitute an offence of money-laundering on its own, being an independent process or activity. - Section 5 of the 2002 Act is constitutionally valid. It provides for a balancing arrangement to secure the interests of t..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
