Banks can’t freeze accounts merely on ‘mule’ allegation: Calcutta High Court | Kolkata News
Kolkata: Calcutta High Court on Thursday said that a bank cannot freeze accounts merely on allegations that they are being used to receive, move and launder illegally acquired money — known as “mule accounts” in banking parlance — without filing a ‘Suspicious Transaction Report’ (STR). Banks file STRs with Financial Intelligence Unit (FIU).HC also directed…
