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 :
Imprisonment up to 3 years or fine up to ₹ 50,000 or both
Imprisonment up to 2 years or fine up to ₹ 50,000 or both
Imprisonment up to 1 year or fine up to ₹ 50,000 or both
Imprisonment up to 6 months or fine up to ₹ 10,000 or both
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CISF-AC-EXE – 2023