Money Laundering - siphoning of funds - The Adjudicating ...

Case Laws Money Laundering

April 30, 2021

Money Laundering - siphoning of funds - The Adjudicating Authority does not become functus officio on expiry of the period of 180 days from the passing of the order of provisional attachment unless such order is confirmed under Section 8(3) in view of the provisions of Section 5(3) of the PMLA, the Adjudicating Authority in the instant case, is, free to proceed with the Complaint Case being Complaint no. 1262 of 2020 till the Sec. 8(2) stage i.e., to give a finding whether the property is involved in money-laundering or not. - HC

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Money Laundering - siphoning of funds - The Adjudicating ...

Case Laws Money Laundering

April 30, 2021

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