IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.2817 OF 2008 Mr.Philip Anandraj .. Applicant Vs. The Asst.Director, FEMA/PMLA & Ors. .. Respondents Mr.P.Janardhanan with Mr.Prakash Naik for the Applicant. Mr.R.B.Raghuwanshi, A.S.G with Mr.Y.R.Mishra for Respondent No.1. Mr.Y.M.Nakhwa, A.P.P for the State. CORAM CORAM CORAM : A.S.OKA, J. : A.S.OKA, J. : A.S.OKA, J. DATE DATE DATE : 09th September 2008. : 09th September 2008. : 09th September 2008. P.C.: . Heard learned counsel for the applicant. By this application under section 482 of the Code of Criminal Procedure, 1973 a prayer is made for quashing the Enforcement Case Information Report registered by the 1st respondent under the provisions of the Prevention of Money Laundering Act, 2002. Inviting my attention to various provisions of the said Act of 2002 and in particular clause (n) (a) of section 2, section 45 and section 65 of the said Act of 2002, he submits that investigation carried out on the basis of the ECIR is illegal and inconsistent with the provisions of the said Act of 2002. He submitted that investigation cannot be carried out by the authorities on the basis of : 2 : the ECIR. 2. It is an admitted position that till today the Special Court has not taken cognizance of the offence alleged against the applicant. Therefore, as of today no case is made out for exercising jurisdiction under section 482 of the Code of Criminal Procedure, 1973. It is well settled that powers under section 482 of the said Code have to be exercised sparingly and that also in very rare cases. 3. The application is not entertained and the same is disposed of by keeping all contentions open. The applicant can always urge the said contentions at appropriate stage in appropriate proceedings. (A.S.Oka,J)