Bank accounts/financial details

executive

Dear Learned Forum members,

Can the police track all  bank account and investment/financial details of an absconding criminal. I mean how can the police find out how many bank accounts are there in various banks of an absconding criminal.

 
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Analyst

If Police knows bank a/c no then they can track. if any account they dont know then answer is NO


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executive

Thanks a Ton for answering that. I hope same is the case with immovable properties[house/lands etc]. Can police find out their details. The absconding criminal may be having several houses in various parts of the country.

 
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FIN

Majority of the banks have implemented CBS soloution and KYC norms.The bank can track all accounts.It is felt that to fascilitate the ITax authorities all banks's data is to be centralised.Hence it shall be possible to track all accounts in all banks on a sinlgle command.Police may require requisite approval to access the details.

 
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executive

But how do the police know among several hundred banks in india in which bank  the absconding criminal is having the account. Will the police go to each and every bank in india with the name of the absconding person and search in each bank. Moreover there are thousands of people with the same name in this country. According to me its a near impossible job by police to track absconding person's bank/financial details.

 
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FIN

KYC norms include Photograph, DOB proof, address proof,copies of ID proof,PAN number and copy.

It is difficult to assume that many people shall have resembling face, have same father, mother's maiden name,PAN number, same address, same ID proofs. A CBS branch can apply filters and on one command can search customers by DOB,PAN number name etc..

Police may require requisite approval to access the details.

 
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executive

I got your point but still you didn't got my point. Will the police go to each and every bank in india and on the basis of my name , photo ,pan etc trace financial details of the culprit. And what about property ; the culprit may be be having houses in many parts of india how is police going to trace all these.

 
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FIN

Try to understand.Police doesn't have to go to all branches. From any CBS branch all india detail of accounts can be accessed.Police usually deal thru Nodal Officer/HO of the bank. Usually in each Police Commissioner/SSP office there is staff who does it.

Land records at all locations are not computerised. If the polcie has an information it can obtain the record.

 
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executive

Great. So police can at any time seize bank accounts[section 82,83 of crpc] of any absconding culprit. But are you sure that police won't be able to track his residential properties. Please can I have your number Can I call you for a quick 5 minutes. I will be highly relieved if you can share your valuable 5 minutes over the phone.

 
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Advocate

Police can conduct search of the house of accused through the warrant issued by authorized official/magistrate and seize diaries, passbooks, credit, debit cards anything that they can find at home which can help them to trouble the accused containing important details.

 
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