https://www.taxtmi.com/caselaws?id=758690 The PMLA scheme requires a scheduled offence and proceeds of crime as the jurisdictional basis for action, and an ECIR remains dependent on that predicate foundation. The document states that, where later FIRs arise from the same banking fraud ecosystem, modus operandi and chain of proceeds, they may be subsumed within an already existing ECIR as part of the same transaction and investigation. Acceptance of C-summary in the original FIR does not, by itself, extinguish the ECIR if other connected scheduled offences have already been brought into the same investigative fold. On those facts, the challenge to the ECIR and inclusion of the later FIRs failed. en-us Thu, 29 Aug 2024 00:00:00 +0530 Wed, 29 Jul 2026 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758690 The PMLA scheme requires a scheduled offence and proceeds of crime as the jurisdictional basis for action, and an ECIR remains dependent on that predicate foundation. The document states that, where later FIRs arise from the same banking fraud ecosystem, modus operandi and chain of proceeds, they may be subsumed within an already existing ECIR as part of the same transaction and investigation. Acceptance of C-summary in the original FIR does not, by itself, extinguish the ECIR if other connected scheduled offences have already been brought into the same investigative fold. On those facts, the challenge to the ECIR and inclusion of the later FIRs failed. Case-Laws Money Laundering Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758690