https://www.taxtmi.com/caselaws?id=443758 A challenge to an ongoing money-laundering investigation may be treated as premature where the ECIR arises from a registered predicate offence, the investigation is still progressing, and the petitioner has already responded to summons. In that situation, interference with the ECIR is declined. At the same time, coercive action against the petitioner cannot be taken unless the statutory safeguards for arrest under Section 19 of the Prevention of Money Laundering Act are satisfied; limited material, such as a co-accused's statement alone, was not enough to justify coercive steps without compliance with the mandatory procedure. The ECIR challenge was therefore rejected, while protection against coercive action was limited to action taken in accordance with law. en-us Fri, 22 Sep 2023 00:00:00 +0530 Sat, 30 Sep 2023 08:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443758 A challenge to an ongoing money-laundering investigation may be treated as premature where the ECIR arises from a registered predicate offence, the investigation is still progressing, and the petitioner has already responded to summons. In that situation, interference with the ECIR is declined. At the same time, coercive action against the petitioner cannot be taken unless the statutory safeguards for arrest under Section 19 of the Prevention of Money Laundering Act are satisfied; limited material, such as a co-accused's statement alone, was not enough to justify coercive steps without compliance with the mandatory procedure. The ECIR challenge was therefore rejected, while protection against coercive action was limited to action taken in accordance with law. Case-Laws Money Laundering Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443758