Offsprings of criminals can’t be allowed to enjoy fruits of their material sins under PMLA: Madras HC

FEMA amp; BANKING : People indulge in criminal activities for various reasons, one of which, is to amass wealth for themselves and their descendants and PML Act seeks to send a stern warning to criminals that it would neither allow them nor their offspring to enjoy fruits of their material sins and that State would not only appropriate ill-gotten wealth, but would also punish those who are found in possession and enjoyment of such tainted wealthFEMA amp; BANKING : People indulge in criminal activities for various reasons, one of which, is to amass wealth for themselves and their descendants and PML Act seeks to send a stern warning to criminals that it would neither allow them nor their offspring to enjoy fruits of their material sins and that State would not only appropriate ill-gotten wealth, but would also punish those who are found in possession and enjoyment of such tainted wealthwww.taxmann.com Latest Case LawsRead More

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