Criminal property dealings to be stopped
The amendments in the prevention of Money-laundering Act is on the pace of getting approved in the parliament.
Once it is approved by the parliament, realty defaulters, you have a tough time ahead! The realty norms are getting more and more tough.
With the amendments made in the act, the criminal realty dealings is sure to be paused!
Real estate experts say that any criminal or illegal transactions or cases related to property dealings can be attached to Money-laundering Act.
The same is being processed in Lok sabha. Also, if any case is booked under this act, they are sure to get themselves entertained with hefty fine of more than Rs 5 lakh.
Source: The Hindu
Amendments, Criminal or illegal transactions, Criminal realty dealings, Hefty fine, Lok sabha, Money-laundering Act, Parliament, Property dealings, Real estate experts, Realty defaulters, Realty norms
