Is It Permissible to Freeze a Director's Account in a Company?

Pursuant to Clause 2, Article 438 of the Criminal Procedure Code 2015, the regulation on account freezing is as follows:

1. Account freezing shall be applied to legal entities that are prosecuted, investigated, prosecuted, or tried for crimes for which the Criminal Code specifies a monetary fine or to ensure compensation for damages, and there are grounds to determine that the legal entity has an account at a credit institution or State Treasury.

2. Account freezing shall also be applied to the accounts of other individuals or organizations if there are grounds to determine that the money in those accounts is related to the criminal acts of the legal entity.

Therefore, if there are grounds to determine that the money in the account is related to the criminal acts of the legal entity, account freezing shall also be applied to the accounts of individuals.

Sincerely!