Personal Deposit Account: seized funds must be deposited only with Board sanction; unauthorised accounts are prohibited. Money seized during searches and raids must be deposited into a Personal Deposit Account opened only with prior Board sanction; where no such account exists, a formal request must be made to the Board and the account opened only after receiving its approval, because unauthorised current accounts leave transactions outside Government accounts and risk audit criticism.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Personal Deposit Account: seized funds must be deposited only with Board sanction; unauthorised accounts are prohibited.
Money seized during searches and raids must be deposited into a Personal Deposit Account opened only with prior Board sanction; where no such account exists, a formal request must be made to the Board and the account opened only after receiving its approval, because unauthorised current accounts leave transactions outside Government accounts and risk audit criticism.
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