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Money in account is put on hold by cyber cell
2 weeks ago
I received a message from bank saying xxx money is put on hold my cyber crime, what should I do next? What if I ignore it?
A.Dear Client,
Once a cyber scam is reported to the cyber crime cell and the Bank sends messages informing you that a certain amount of scams have been put on hold, means that the authorities have frozen an amount of money in the account of the person or entity suspected of committing the crime. The account holder cannot access the funds in the account, and they cannot make any transactions. You need to contact both Bank and Cyber cell for further information on receipt of the said messages. The hold will remain in place until the cybercrime incident is investigated and resolved. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigating agency, and the cooperation of the victim/complainant. You may consult with a cyber crime expert for further guidance and suitable steps.
Once a cyber scam is reported to the cyber crime cell and the Bank sends messages informing you that a certain amount of scams have been put on hold, means that the authorities have frozen an amount of money in the account of the person or entity suspected of committing the crime. The account holder cannot access the funds in the account, and they cannot make any transactions. You need to contact both Bank and Cyber cell for further information on receipt of the said messages. The hold will remain in place until the cybercrime incident is investigated and resolved. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigating agency, and the cooperation of the victim/complainant. You may consult with a cyber crime expert for further guidance and suitable steps.
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A.Dear Client,
When a cyber complaint is field on National Cyber Crime Reporting Portal (NCCRP) or in case of any police complaint, the Cyber Crime Cell directs the concerned bank to freeze the accounts of both the suspected fraudster and victim in order to carry out the investigation. It is advisable to enquire about the same in your respective bank. The investigation of a cyber crime varies greatly depending on the complexity of the case. So, in this situation, you have to wait till the completion of the investigation. Further, you can file a suit under section 457 of the CrPC which empowers a Magistrate to use their discretion to order the conditional release of the amount frozen under cyber scam. However, in this situation, you are required to declare through an indemnity bond to pay 1.5 times the refunded amount if the claims are proved to be false.
Hope it helps.
Thank you.
When a cyber complaint is field on National Cyber Crime Reporting Portal (NCCRP) or in case of any police complaint, the Cyber Crime Cell directs the concerned bank to freeze the accounts of both the suspected fraudster and victim in order to carry out the investigation. It is advisable to enquire about the same in your respective bank. The investigation of a cyber crime varies greatly depending on the complexity of the case. So, in this situation, you have to wait till the completion of the investigation. Further, you can file a suit under section 457 of the CrPC which empowers a Magistrate to use their discretion to order the conditional release of the amount frozen under cyber scam. However, in this situation, you are required to declare through an indemnity bond to pay 1.5 times the refunded amount if the claims are proved to be false.
Hope it helps.
Thank you.
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