Description

This edition focuses on the complexities arising from the parallel investigations of financial crimes, specifically the interrelation between FIRs (First Information Reports) and ECIRs (Enforcement Case Information Reports). In the context of financial crime investigations, the enforcement agencies - such as the police/CBI and the Enforcement Directorate (ED) - often work on dual tracks, one based on the general penal laws and the other under the specialized Prevention of Money Laundering Act, 2002. These overlapping investigations create a nuanced set of procedural issues and challenges, especially when they concern the same predicate offence. This update identifies these complexities through court precedents.