Question

During the investigation of a bank fraud, the Director of Enforcement provisionally attaches, by an order in writing, an apartment in Mumbai which, he has reason to believe, represents the proceeds of crime. Under Section 5 of the Prevention of Money-Laundering Act, 2002, such an order of provisional attachment remains in force for a period:

A Thirty days from the date of the order, extendable by the Adjudicating Authority on an application by the Director.
B Ninety days from the date of the order, within which the Adjudicating Authority must either confirm or release the attachment.
C Not exceeding one hundred and eighty days from the date of the order, pending its confirmation by the Adjudicating Authority.
D One year from the date of the order, such period being reckoned from the date of the scheduled offence.
E Two years from the date of the order, co-terminous with the period of limitation for the scheduled offence.
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