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      Question

      After issuing a notice under section 8 of the PMLA, what steps must the Adjudicating Authority take before recording a finding?

      A Confiscate the property immediately without any further hearing Correct Answer Incorrect Answer
      B Only hear the Director's opinion and make a decision Correct Answer Incorrect Answer
      C Consider the reply to the notice, hear both the aggrieved person and the Director, and take into account all relevant materials Correct Answer Incorrect Answer
      D Automatically declare the property as involved in money-laundering Correct Answer Incorrect Answer
      E Issue a fine to the aggrieved person without any hearings Correct Answer Incorrect Answer

      Solution

      Section 8 Adjudication: (2) The Adjudicating Authority shall, after-- (a) considering the reply, if any, to the notice issued under sub-section (1); (b) hearing the aggrieved person and the Director or any other officer authorised by him in this behalf; and (c) taking into account all relevant materials placed on record before him, by an order, record a finding whether all or any of the properties referred to in the notice issued under sub-section (1) are involved in money-laundering.

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