Crossword Genius

Beaten by one minute and seized (9)

Ross

I believe the answer is:

impounded

'seized' is the definition.
('impound' can be a synonym of 'seize')

'beaten by one minute' is the wordplay.
'beaten' becomes 'pounded' ('pound' can be a synonym of 'beat'**).
'by' is a charade indicator (letters next to each other).
'one' becomes 'i' (Roman numeral).
'minute' becomes 'm' (abbreviation).
'i'+'m'='im'
'pounded' put after 'im' is 'IMPOUNDED'.

'and' acts as a link.

(Other definitions for impounded that I've seen before include "being subject to seizure" , "Confiscated" , "incarcerated" , "Taken and locked up" , "Taken into custody" .)

I've seen this clue in The Telegraph.
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