prevention of money laundering

javed ahmed (Querist) 02 April 2011 This query is : Resolved
A,a citizen of bangladesh,transfers property located in india to ,B,without prior permission from RBI.B is an indian citizen.B transfers the consideration as agreed.Is B liable under the PREVENTION OF MONEY LAUNDERING ACT,2002?does the transfer amount to "proceed of crime" U/S 2(u) of the aforesaid act?

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R.Ramachandran (Expert) 02 April 2011
Dear Mr. Javed,
You had posted this query earlier in the url http://www.lawyersclubindia.com/experts/prevention-of-money-laundering-act-174456.asp
for which answer was given.

Then why do you post the matter again under fresh thread? What purpose it will serve. Do not abuse this site.

DEFENSE ADVOCATE.-firmaction@g (Expert) 03 April 2011
People do such tricks very often.

Advocate. Arunagiri (Expert) 03 April 2011
Well said by Mr.Ramachandran.

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