https://www.taxtmi.com/caselaws?id=278208 In a money-laundering investigation, Section 102 CrPC may be used to freeze a bank account suspected to hold proceeds of crime, because bank accounts are "property" and the threshold is suspicion rather than the higher "reason to believe" standard for provisional attachment under Section 5 of the PMLA. Section 65 PMLA permits that recourse where consistent with the special statute, so temporary freezing may operate before attachment material is complete. The text also notes that non-compliance with Section 102(3) does not automatically vitiate the freezing measure in PMLA proceedings. However, such restraint cannot continue indefinitely and must give way to prompt provisional attachment or release of the account. en-us Mon, 15 Jun 2015 00:00:00 +0530 Fri, 18 Jan 2019 10:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278208 In a money-laundering investigation, Section 102 CrPC may be used to freeze a bank account suspected to hold proceeds of crime, because bank accounts are "property" and the threshold is suspicion rather than the higher "reason to believe" standard for provisional attachment under Section 5 of the PMLA. Section 65 PMLA permits that recourse where consistent with the special statute, so temporary freezing may operate before attachment material is complete. The text also notes that non-compliance with Section 102(3) does not automatically vitiate the freezing measure in PMLA proceedings. However, such restraint cannot continue indefinitely and must give way to prompt provisional attachment or release of the account. Case-Laws Money Laundering Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278208