Question
A person receives Rs. 50 lakhs through a bank transfer
from an undisclosed source. Investigation reveals that the source had committed a forgery (Section 463 IPC). The person intends to use this money to purchase immovable property. Under the PMLA, 2002, which statements are correct? Statement 1: Money cannot be termed proceeds of crime because forgery is not listed in the Schedule to PMLA. Statement 2: If this money is being used to invest in real estate, the property would be liable for attachment under Section 5 of PMLA. Statement 3: The Enforcement Directorate can initiate action only if a First Information Report is filed for forgery by a police officer. Statement 4: The person's possession of such money itself constitutes an offence under Section 3 of PMLA if they know it is proceeds of crime from a scheduled offence. Which statements are correct?Solution
Statement 1 is incorrect because forgery-related offences are covered under scheduled offences in PMLA. Statement 2 is correct—Section 5 permits attachment of property representing proceeds of crime. Statement 3 is correct—Section 2(1)(y) defines scheduled offences as those listed in the Schedule, and ED action requires a scheduled offence registered by law enforcement. Statement 4 is correct—Section 3 of PMLA penalizes possession of proceeds of crime knowing it to be such. Statements 2, 3, and 4 are correct.
11Â Â Â Â 110Â Â Â Â Â 978Â Â Â Â 6824Â Â Â Â 34103Â Â Â Â 102290
100, 164, 740, 3044, 9444, 20320
- 78, 86, 71, 95, 60, 112
81, 154, 124, 197, 167, 235
164, 304, 433, 551, 658, 752
- Find the wrong number in the given number series.
3, 10, 22, 39, 61, 88 Find the wrong number in the series.
3, 6, 18, 72, 360, 2160, 15120Find the wrong number in the given number series.
121, 132, 145, 160, 181, 204
12, 28, 64, 128, 228, 379
In each of the following number series, one term is wrong. Find the wrong term.
7, 10, 18, 33, 58, 92, 140
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