Picture A diamantaire uses fake bank guarantees worth over ₹10,000 crores to secure foreign credit, leaving Indian banks liable for massive defaults. This isn’t fiction—it’s the reality of the infamous Punjab National Bank fraud case that shook India’s financial system. Such sophisticated financial crimes highlight why the Prevention of Money Laundering Act 2002 stands as India’s most … Continue reading The Prevention of Money Laundering Act 2002: Bare Provision, Interpretation & Practical Insights