Section 24 of PMLA : Section 24: Burden Of Proof

Explanation using Example

Imagine a situation where an individual, Mr. X, is charged with the offense of money laundering. Mr. X is accused of transferring large sums of money through various bank accounts to conceal the origin of the funds, which are suspected to be derived from illegal activities.

Under Section 24 of The Prevention of Money-Laundering Act, 2002, during the trial, the court will presume that the funds transferred by Mr. X are indeed proceeds of crime involved in money laundering, unless Mr. X can provide evidence to prove otherwise. This means the burden of proof shifts to Mr. X to demonstrate that the money he transferred was from legitimate sources and not the proceeds of crime.