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      Question

      Under the PMLA, the authority empowered to provisionally

      attach property involved in money laundering is whom?
      A A civil court Correct Answer Incorrect Answer
      B The RBI Correct Answer Incorrect Answer
      C The police Correct Answer Incorrect Answer
      D The income tax officer Correct Answer Incorrect Answer
      E The Director or an authorised officer of the Enforcement Directorate Correct Answer Incorrect Answer

      Solution

      Under Section 5 of the Prevention of Money Laundering Act, the Director or any other officer not below the rank of Deputy Director authorised by the Director may provisionally attach property believed to be proceeds of crime, where there is reason to believe that such property may be concealed, transferred or dealt with in a manner that may frustrate confiscation. The provisional attachment is an important tool to preserve the proceeds of crime pending adjudication. It prevents the dissipation of tainted property.

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