...
...
Next Story

Fresh plea must to freeze transaction

"No, an order cannot be reinstated. It would have to be a fresh application from India satisfying criteria," UK said.

Updated on: Jan 18, 2006 02:04 PM IST
None | By , London
Prefer HTon Google
Advertisement

British authorities on Wednesday said the Indian Government would have to make a fresh request seeking a freeze on the controversial bank accounts of Italian businessman Ottavio Quattrocchi.

HT Image
HT Image

There has to be a fresh application by India satisfying the usual criteria while seeking a fresh freeze on the accounts of Quattrocchi, an accused in the Bofors payoff case, a spokeswoman of the Crown Prosecution Service (CPS) said.

"No, an order cannot be reinstated. It would have to be a fresh application satisfying the usual criteria. However, the High Court is likely to query any application for further restraining order given the application to discharge the original order. The court is likely to ask for evidence as to how and why there has been a change in circumstances," she said.

To a question on how long it would take once the Indian authorities make a fresh request to freeze the accounts again, she said based on the request the CPS would have to make a fresh application. "Generally speaking, these requests can be actioned by the court in a matter of days and in extreme circumstances even quicker."

"We have not taken any further action after the High Court removed the restraints on the accounts on January 11," the spokeswoman said.

 
Check India news real-time updates, latest news on Hindustan Times and more across India.
Check India news real-time updates, latest news on Hindustan Times and more across India.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe