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White-Collar Crime Investigations

White-collar crime investigations in India have intensified with expanded regulatory powers and stricter enforcement under economic laws. Authorities now routinely exercise powers of search, seizure, asset attachment, bank account freezing, and prosecution, creating significant financial and operational risks for individuals and businesses. 

PGAS & Associates provides specialised services in white-collar crime matters, including financial investigations, forensic accounting, valuation, compliance advisory, and litigation support. We assist clients in high-scrutiny situations by delivering independent, fact-driven financial analysis supported by robust documentation and regulatory defensibility.

Regulatory Landscape We Cover

We assist clients in matters arising under, inter alia:
  • Prevention of Money Laundering Act (PMLA)
  • Benami Transactions (Prohibition) Act
  • Black Money (Undisclosed Foreign Income and Assets) Act
  • Income-tax Act, 1961
  • Goods and Services Tax (GST) laws
  • Foreign Exchange Management Act (FEMA)
  • Companies Act, 2013

Nature of White-Collar Crime Engagements

White-collar crime matters typically involve:
  • Complex financial transactions and layered fund flows
  • Multi-entity and cross-border structures
  • Examination of ownership, control, and beneficial interest
  • Review of accounting, tax, and regulatory compliance
  • Assessment of alleged proceeds of crime or undisclosed assets
Our role is to independently analyse these aspects and present clear, defensible financial findings.

Our Service Offerings

1. Financial Crime Investigation & Forensic Accounting

  • Forensic examination of books of accounts and financial statements
  • Reconstruction of fund flows and transaction trails
  • Identification of diversion, layering, or circular transactions
  • Review of seized financial and digital records
  • Preparation of forensic reports for regulatory and judicial proceedings

2. PMLA Advisory & Investigation Support

  • Analysis of alleged “proceeds of crime”
  • Review of predicate offences and financial linkages
  • Support in provisional attachment and seizure matters
  • Assistance in responding to notices and summons
  • Financial inputs for adjudication, bail, and appellate proceedings

3. Benami Transactions Analysis

  • Review of ownership and funding structures
  • Analysis of source of funds and beneficial ownership
  • Evaluation of documentation and compliance gaps
  • Support in attachment, adjudication, and appeal proceedings

4. Black Money Act & Foreign Asset Review

  • Review of foreign asset disclosures and reporting compliance
  • Analysis of historical transactions and funding sources
  • Assessment of exposure arising from reporting lapses
  • Support in responding to notices and prosecution risk

5. Valuation Services in Financial Crime Matters

  • Independent valuation of businesses, shares, and assets
  • Valuation support in attachment and confiscation proceedings
  • FEMA pricing and cross-border transaction valuations
  • Reports designed to withstand regulatory and judicial scrutiny

6. Litigation, Adjudication & Regulatory Support

  • Preparation of financial explanations and rebuttals
  • Analysis of enforcement allegations and supporting evidence
  • Assistance in writ petitions, adjudication, and appeals
  • Expert opinions and financial reports for courts and tribunals

7. Digital & Transaction Trail Analysis

  • Analysis of bank statements and cash flow patterns
  • Review of inter-company and related-party transactions
  • Examination of accounting system data and transaction metadata
  • Support in analysis of digitally seized financial evidence

8. Compliance Advisory & Risk Mitigation

  • Review of AML and KYC frameworks
  • Internal compliance and risk assessments
  • Benami and foreign asset exposure reviews
  • Strengthening internal controls and documentation

Who We Serve

Corporates and business groups
Promoters, directors, and key managerial personnel
Financial institutions and NBFCs
Legal counsel and law firms
High-net-worth individuals and family offices

Our Approach

Our approach is founded on:

  • Independence and objectivity
  • Strong financial and accounting discipline
  • Regulatory awareness and practical insight
  • Confidentiality and discretion
  • Clear, defensible documentation

Why PGAS & Associates

  • Specialised experience in high-scrutiny matters
  • Deep understanding of Indian financial crime enforcement
  • Integrated expertise in forensics, valuation, and compliance
  • Ability to work seamlessly with legal and regulatory teams
  • Reports structured to withstand regulatory review and cross-examination

Contact Us Today to Discuss

  • Specialised experience in high-scrutiny matters
  • Forensic accounting and fund flow analysis requirements
  • Valuation issues arising in enforcement or dispute matters
  • Litigation and regulatory support in high-scrutiny cases
  • Compliance reviews and risk mitigation strategies