Section 4 Prevention of Money-Laundering Act, 2002

 

Section 4 Prevention of Money-Laundering Act, 2002: 


Punishment for money-laundering.—Whoever commits the offence of money-laundering shall be punishable with rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine which may extend to five lakh rupees: Provided that where the proceeds of crime involved in money-laundering relates to any offence specified under paragraph 2 of Part A of the Schedule, the provisions of this section shall have effect as if for the words “which may extend to seven years”, the words “which may extend to ten years” had been substituted.


Supreme Court of India Important Judgments And Leading Case Law Related to Section 4 Prevention of Money-Laundering Act, 2002:  

P. Chidambaram vs Directorate Of Enforcement on 5 September, 2019

Gautam Kundu vs Manoj Kumar Assistant Director,  on 16 December, 2015

Nikesh Tarachand Shah vs Union Of India on 23 November, 2017

Binod Kumar vs State Of Jharkhand & Ors on 29 March, 2011

Union Of India vs Hassan Ali Khan And Anr on 30 September, 2011

Opto Circuit India Ltd. vs Axis Bank on 3 February, 2021



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