Combating the Phenomenon of Protection Money Collection Bill

What does the bill do?

The bill sets a legal definition of 'protection money' as a payment or benefit given under conditions of threat, intimidation, extortion or fraud. The bill defines an offense for someone who offers or provides protection in these ways, with a penalty of up to seven years of actual imprisonment, and for someone who receives protection money in these ways, with a penalty of up to twelve years of actual imprisonment. The law is intended to combat the phenomenon of taking protection money from business owners.