Recover money lost through cyber scam

Dear Client,
In the course of an investigation into a reported cyber scam, when an amount is traced out and put on hold, the victim can move a petition under Section 457 of Cr. PC (now Section 497 of the BNSS) before the court of Magistrate, praying for the release of the said amount. Section 457 of the Cr.PC empowers a Magistrate to use their discretion to order the conditional release of the amount frozen or put on hold under a 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 proved false or if other claims are made on the amount. Once this is done, the Magistrate executes an order to release the on-hold amount to the applicant victim, and following the court's order, and on receipt of the bond, the Investigating Officer of the police/Cyber Cell pursues the matter with the concerned banks and the amount is refunded to the account of the victim. If you encounter difficulties or need assistance with the legal procedures, consult/hire a lawyer specializing in cyber and banking law to navigate the issues effectively.