His proposal has recently run into some political snags, but he plans to push ahead with it, offering the lawyers higher commissions for making faster collections and giving them the power to seize property, freeze bank accounts and halt delivery of supplies to businesses.

ECONOMIST: Taxmen and sinners

Last month, SEBI said that Sahara had failed to deposit the money, so it passed orders to seize all properties and freeze bank accounts held by the two Sahara Group companies, Mr. Roy and two other founders.

WSJ: India Moves Court to Detain Sahara Chairman

The lawsuit on behalf of up to 100, 000 borrowers claims lawyers at Mel Harris then used those statements to obtain default judgments against the consumers and threaten to garnish their wages or freeze money in their bank accounts.

FORBES: Judge Allows RICO Suit Over Debt-Collection Tactics To Proceed

In addition to limits on ATM withdrawals, the measures allow authorities to restrict noncash transactions, freeze check cashing, limit withdrawals from bank accounts and even convert checking accounts into fixed-term deposits.

WSJ: Cypriots Greet Bailout Deal With Wariness

Jordan's Central Bank had initially ordered all banks in the country to freeze any accounts belonging to six leading Hamas leaders and to abstain from any financial transactions involving the Palestinian group.

BBC: Hamas militants

In a statement posted on its website on Feb. 13, SEBI said it would seize all properties and freeze bank accounts held by two Sahara Group companies as well as its founder Subrata Roy for failing to repay the money by the court-set deadline.

WSJ: Sahara Appeals Against Seizure of Assets