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 wealth
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198215/offsprings-of-criminals-can’t-be-allowed-to-enjoy-fruits-of-their-material-sins-under-pmla-madras-hc.aspx
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