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IN THE HIGH COURT OF KERALA AT ERNAKULAM
M.A.ABDUL HAKHIM, J
Mohammed Rahnas K.S – Appellant
Versus
Reserve Bank of India (RBI) – Respondent
| Table of Content |
|---|
| 1. petition challenges bank freezing of suspected mule account. (Para 1 , 2) |
| 2. guidelines mandate procedure for freezing suspicious accounts. (Para 3) |
| 3. sop does not override prior bank freezing guidelines. (Para 4) |
| 4. direct bank to notify authorities and follow guidelines. (Para 5) |
JUDGMENT
1. The Petitioner has filed this Writ Petition seeking a direction to unfreeze his account mentioned in the Writ Petition maintained with the Respondent/Bank.
2. The learned Standing Counsel for the Respondent/Bank, after getting instructions, submitted that the Bank has kept the account of the Petitioner as a mule account since the Bank is having suspicion with respect to the operation of the account.
3. This Court in Abdul Azeez v. Union of India [2025 KLT OnLine 3447]
considered the question of whether the Bank has the right or authority to freeze the accounts of its account holders on the basis of suspicion with respect to the transactions in the account by itself in the absence of any requisition to do so from a law enforcement agency. This Court held that till the time the RBI comes forward with a Standard Operating Procedure for the Banks to deal with suspicious accounts, th
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