Recently, Supreme Court has upheld various provisions of Prevention of Money Laundering Act (PMLA). In light of this highlight the concerns associated with PMLA.
Answer: PMLA was introduced in 2002 to combat money laundering. The Supreme Court (SC) of India in Vijay Madanlal Choudhary case has upheld constitutionality of PMLA.
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Act’s Section |
SC’s Decision |
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Section3: Definition of money laundering |
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Section 5, 8(4), 17 and 19: Enforcement Directorate (ED) powers |
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Section 24: Burden of .... |
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