Online financial fraud Online financial fraud

1 month ago

In online financial fraud in the share market certain amount hold on by the Cyber crime and lien marked 200000,but In his account the balance showing nil.Here I want to ask even though the balance showing nil and the amount lien marked whether I will get that amount or not

Legal Counsel Vidhikarya

Responded 1 month ago

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A.Dear Client,
In the given scenario, you need to get in touch with the Cybercrime Cell of your district or state seeking their necessary action in the matter. 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 investigators, and the cooperation of the victim. In general, cybercrime investigations can take anywhere from a few weeks to several months or even years. Section 457 of the CrPC empowers a Magistrate to use their discretion to order the conditional release of the amount frozen under cyber scam. In this situation, the police seek a bond from the victim who needs to declare that he/she will pay 1. 5 times the refunded amount to the bank in case his/her claim is false or if other claims are made on the amount. Once this is done, the Magistrate executes an order to release the frozen amount to the applicant victim. So, you can file a petition under Section 457 CrPC before the competent court praying for an order for the release of frozen money and following the court's order, and on receipt of the bond, the Investigating Officer of the Cyber Cell will follow up the matter with the banks and the amount is refunded to the accounts of the victims. If required, you may take the service of an Advocate for guidance and steps
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Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 1 month ago

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A.Dear Sir,
Whenever amount deposited it can be extend lien on such deposited amount and necessary orders will be passed by the concerned Court about to release the amount or not.
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