https://www.taxtmi.com/caselaws?id=793018 Under the Prevention of Money Laundering Act, 2002, an ECIR is only an internal, non-statutory record and its quashing is not maintainable as an independent remedy. Summons under Section 50 may issue as part of inquiry machinery to collect evidence and information about proceeds of crime, even without a prior FIR or complaint for a scheduled offence, and the recipient does not become an accused merely because of summons. Civil action such as inquiry and attachment may also proceed on information indicating proceeds of crime before formal registration of the scheduled offence, though prosecution for money laundering requires the existence of a scheduled offence. Immunity granted in Income-tax settlement proceedings does not bar proceedings under the PMLA. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793018 Under the Prevention of Money Laundering Act, 2002, an ECIR is only an internal, non-statutory record and its quashing is not maintainable as an independent remedy. Summons under Section 50 may issue as part of inquiry machinery to collect evidence and information about proceeds of crime, even without a prior FIR or complaint for a scheduled offence, and the recipient does not become an accused merely because of summons. Civil action such as inquiry and attachment may also proceed on information indicating proceeds of crime before formal registration of the scheduled offence, though prosecution for money laundering requires the existence of a scheduled offence. Immunity granted in Income-tax settlement proceedings does not bar proceedings under the PMLA. Case-Laws Money Laundering Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793018