Allahabad HC orders banks to freeze only disputed amount in cybercrime cases
The Allahabad High Court has ruled against the imposition of blanket debit freezes in cybercrime cases, emphasizing that such measures must be proportionate to the suspected proceeds of crime. Banks are directed to unfreeze accounts beyond the disputed transaction sum, and investigators are now required to furnish specific details when seeking a lien. This ensures that enforcement actions remain just and within legal frameworks.
from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1qfBMhc
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from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1qfBMhc
via IFTTT
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