Under Section 12B of the National Accountability Ordinance, 1999, which type of property is subject to freezing?

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Movable assetsImmovable assetsBoth movable and immovable assetsNone of the aboveCourier services or electronic media as deemed appropriate by the Court

Explanation

Section 12B of the National Accountability Ordinance, 1999 grants the Chairman NAB or the Court the authority to freeze movable property if there are reasonable grounds to believe an offence has been committed. This includes property in the possession of the accused or related persons. The freezing of movable property can be executed through seizure, appointment of a receiver, or other methods considered suitable by the Court or Chairman NAB. Therefore, the provision specifically addresses movable property.