According to Wu Shuo, the Madras High Court in India ruled that police cannot freeze entire bank accounts during financial fraud investigations, but can only freeze the amount in the bank account related to the fraud.
The ruling came in the wake of a case in which an account was frozen in connection with a cryptocurrency investigation. Justice G. Jayachandran stressed that freezing an entire account deprives an individual of his livelihood and financial stability.
He noted that account holders often do not know why their accounts are frozen and by the time they find out, they have already suffered significant losses in their daily financial and business transactions.