(1) Notwithstanding anything contained in the prevailing laws, in case, in course of the investigation into charges of corruption, any person is learnt, from any source, to have been involved in transactions or have operated an account in banks or financial institutions within the country or abroad, the Commission may order freezing of such transaction or account. As ordered by the Commission, the concerned bank or financial institution must freeze such transactions or account. Provided that, as regards freezing of transactions or bank accounts in foreign countries, such transaction or bank account shall be caused to be frozen through diplomatic channels.
(2) The Commission may impose a maximum fine of fifty thousand Rupees to the Chief of the concerned bank or financial institution based in Nepal for its failure to freeze transaction or account pursuant to Sub-Section (1).
(3) The Commission, if deemed necessary in course of the investigation, may demand a property statement of a person holding a public post or may freeze such property.