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ATrue can’t be 100% safe.. this is Indian legal system… Process is the real killer
And your advice on crypto is very correct…if you deal in them.. chances of this happening increases manifold
AJust keep saying ok and disconnect….if they visit your home… please have video evidence and file criminal complaint for intimidation…. clear case of no locus standiAAdditional advice… always operate 3 accounts… salary, savings and daily expenses…On your take on SBI, most psb won’t violate an order but in case of private banks…they try to take advantage of unaware people to force them to buy insurance or something…it happens… banking industry
ANow the notices issued are only for lien and not freeze…i see one every day.. moreover one word…”compliance”…if it say freeze you freeze,it says lien you lien….. while we are on the topic please be very vigilant of gst and income tax notices because they ask us to simply debit and issue a draft or be held liable in personal capacity and the worst is epfo always goes for freeze…and if u get information of such a notice do not wait because these are PAN based not account based hence every account will get affected eventuallyABank employee here.Lien is the general practice now… about the procedure…. We opened an account who claimed to deal in Cryptocurrency, he said he aggregated the money from clients and sent it to binance.. so naturally the float was good,, turnover was high, but the cyber crime complaints were also a lot…. Ultimately some 4 lakhs were lien marked in multiple complaints…he came and argued in the branch… I politely gave him the details of pi and not the copy of notice (not to be given as per opinion sought from legal department), explained it to him that it is between you,your client and the police…. ultimately he tried to play dirty on somebody’s advice….filed an ombudsman complaint about the lien… eventually we went for a BO rejection based on the sec 102 notice…..
Final solution: issued a notice for unsatisfactory conduct (the credits were always accumulated and transferred to a new account every time..as per his claim binance should have been a party)…. applied CREDIT FREEZE…..so he cannot hide behind the Madras High court judgement…. additionally he concealed the fact that he had another account with kotak.
About the original post …. Police are crazy…level 4 or 5 I can understand but level 11 seriously..at level 11 the proceeds may end up in the IO’s account itself 🙂
AMoreover the RTO is very strict about documents (revenue loss) in BH cases and even police are careful dealing with you if you are travelling in rural or semi urban areas because BH is a novelty thing to them and they too are afraid of the unknownEx. In my case of rural/semi urban rajasthan, in a radius of 200km,there will be only 30 odd bh vehicle and they all belong to people in government departments so police generally avoid them or are just curious to know you.
