N.K.Assumi (Advocate) 10 January 2018
Sorry Sir, LCI is not Horocope centre.
Nitish Banka (lawyer) 10 January 2018
No, but giving loan above 20000/- is hit by 269SS of income tax act.
Adv. Nitish Banka
Advocate in Supreme Court of India
9891549997
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 10 January 2018
No guilty. Money laundering is the process of disguising the proceeds of crime and integrating it into the legitimate financial system. Before proceeds of crime arelaundered, it is problematic for criminals to use the illicit money because they cannot explain where it came from and it is easier to trace it back to the crime.
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