Under the Prevention of Money-Laundering Act, 2002, any authority or officer, who without reasons recorded in writing, conducts vexatious search by exercising powers under the Act is liable for punishment of :
[amp_mcq option1=”Imprisonment up to 3 years or fine up to ₹ 50,000 or both” option2=”Imprisonment up to 2 years or fine up to ₹ 50,000 or both” option3=”Imprisonment up to 1 year or fine up to ₹ 50,000 or both” option4=”Imprisonment up to 6 months or fine up to ₹ 10,000 or both” correct=”option2″]
This question was previously asked in
UPSC CISF-AC-EXE – 2023
The correct answer is B) Imprisonment up to 2 years or fine up to ₹ 50,000 or both.
Section 62 of the Prevention of Money-Laundering Act, 2002 (PMLA) prescribes the punishment for vexatious search or arrest conducted by an authority or officer without having reason recorded in writing or knowing that there are no grounds for doing so.