Question

Under the Prevention of Money-Laundering Act, 2002 where the proceeds of crime involved in money-laundering relates to any offence specified under paragraph 2 of Part A of the Schedule the punishment shall be _________

A Rigorous imprisonment of not less than 3 years extended to seven years
B Rigorous imprisonment of not less than 3 years extended to 10 years
C Rigorous imprisonment of not less than 3 years extended to seven years and shall also be liable to fine
D The Adjudicating Authority shall have discretion to decide the imprisonment period depending on the severity of each case
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