Section 14 is not applicable to the PML Act, 2002- Rotomac Global Private Limited Vs. Deputy Director Directorate of Enforcement-NCLAT
Section 14 is not applicable to the criminal proceeding or any penal action taken pursuant to the criminal proceeding or any act having essence of crime or crime proceeds. The object of the ‘Prevention of Money Laundering Act, 2002’ is to prevent the money laundering and to provide confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.