Section 20 of PMLA : Section 20: Retention Of Property

Explanation using Example

Let's consider a hypothetical scenario where the Enforcement Directorate (ED) suspects that Mr. X, a businessman, is involved in a money-laundering operation. During their investigation, they seize a luxury car and freeze his bank account, suspecting these assets to be proceeds of the crime.

The officer authorized by the Director of ED believes that the car and the funds in the bank account are necessary for the ongoing adjudication process. He records his belief in writing and decides to retain the car and continue the freeze on the bank account.

According to Section 20 of The Prevent...

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