1 Answer
Dear Client, as per your query, in order to get the ₹10 lakhs released, you would require a court order, and the police cannot release the seized money directly. Engage a lawyer who can file an application under Section 503 of the BNSS (now Section 457 of the CrPC) before the Jurisdictional Magistrate where your FIR has been registered. You would require evidence such as bank statements and the acknowledgment of the NCRP that the ₹10 lakhs in the fraudster’s account can be traced back to your transfer. The court would usually pass a “Conditional Release.” You would also be asked to give an Indemnity Bond (usually 1.5 times the amount) that you would return the money if your claim is ultimately found to be incorrect. After the Release Order is issued by the Magistrate, it would be submitted to the Cyber Crime Investigator (IO). He would then transfer the money back into your account after liaising with the bank. I hope this answer is helpful. In case of further queries, please do not hesitate to contact us.
Thank You.