Question

    What is the maximum punishment under PMLA in case the

    predicate offence is under the Narcotic Drugs and Psychotropic Substances (NDPS) Act?
    A 5 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 10 years Correct Answer Incorrect Answer
    D Life imprisonment Correct Answer Incorrect Answer
    E 3 years Correct Answer Incorrect Answer

    Solution

    Normally, the punishment for money laundering under Section 4 of PMLA is 3 to 7 years of rigorous imprisonment. However, if the predicate offence is related to the NDPS Act, the maximum punishment can extend up to 10 years, as specified in the proviso to Section 4.

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