Respected Sir/Madam.
A private investment broker is currently been charged for some money fraud. I do not know if he is guilty or not. I have about 1 lac to be received from him. Currently all his bank accounts are sealed by police but he is not behind bars. What he is saying is that (as per his lawyer) after chargesheet gets filed against him, only after that his accounts will be unfrozen.
I just want to know the validity of his claim. Will frozen accounts be really unsealed after chargesheet gets filed? Could this be just another way to evade lawful dues?
Best regards.