GP's Forensic Accounting practice is the structural differentiator that makes the rest of the firm work differently. Every practice area at GP that touches financial analysis — Tax Litigation, Commercial Litigation, Fraud and White Collar, AML, Insolvency, Tax Search and Seizure, and Corporate Governance — draws on the same in-house forensic accounting team. That team understands the legal context of the financial question. It prepares analysis designed to be used in court, in regulatory proceedings, and in negotiations — not analysis designed to be handed to a lawyer who will then re-explain it.
India's commercial environment creates specific forensic accounting challenges that are different from those in most overseas jurisdictions. The prevalence of cash-based transactions, the complexity of multi-entity family business structures, the use of shell companies and layered holding structures to conceal beneficial ownership, the interaction between formal and informal financing systems, and the specific evidence requirements of Indian tribunals and courts — all require forensic accountants who understand both the accounting and the Indian procedural framework within which their analysis will be deployed.
For cross-border matters — fraud that crosses India's borders into Australia, Singapore, the GCC, or the UK, asset tracing that requires following money through overseas bank accounts and holding structures, or corporate fraud investigations where the ultimate beneficiary is offshore — GP's forensic accounting capability is backed by the bilateral understanding of overseas legal and banking frameworks that GP's corridor expertise provides. The forensic trail does not stop at the Indian border. Neither does GP's investigation.
Five specialised forensic accounting sub-practices — each with dedicated expertise, each integrated with the relevant GP legal practice, all available as a single in-house team.
Tracing diverted funds, concealed assets, and fraudulently transferred property — through Indian bank accounts, layered corporate structures, shell companies, and overseas accounts. GP's asset tracing practice combines forensic financial analysis (following money through transaction records, beneficiary accounts, and cash flows) with the legal tools that freeze and recover assets: Mareva injunctions before the High Courts, attachment before judgement, PMLA asset attachment, and Benami property attachment. For cross-border asset tracing — funds moved to Australia, Singapore, UAE, or UK accounts — GP's corridor expertise enables the overseas investigation that most Indian firms cannot conduct.
Learn More →Internal fraud investigations for boards of directors, audit committees, and management — identifying the nature, scope, and perpetrators of financial fraud within a corporate entity. Procurement fraud, vendor kickbacks, inflated invoicing, diversion of company funds, ESOP manipulation, accounting fraud, and related-party transaction irregularities. Investigation reports designed for use in disciplinary proceedings, civil litigation, and criminal complaints — with evidentiary standards built into the methodology from the outset. For companies facing regulatory investigation (SEBI, MCA, ED) — parallel internal investigation to establish the company's own understanding of the facts before the regulator's investigation proceeds.
Learn More →Financial investigation of Benami property transactions — identifying the beneficial owner (the benamidar's beneficiary), tracing the source of funds used to acquire the property, and establishing the financial chain of evidence that supports or contests a Benami attachment. For individuals and companies facing Benami Transactions Prohibition Act proceedings — forensic analysis of the transaction to demonstrate legitimate ownership, the commercial rationale for the ownership structure, and the absence of the beneficial owner relationship alleged by the Prohibition Authority. GP's Benami investigation team works alongside our Tax Search and Seizure practice — because most Benami attachments arise from or alongside an income tax search.
Learn More →Recovery, analysis, and preservation of electronic evidence — emails, WhatsApp messages, accounting software data, spreadsheets, deleted files, and metadata — for use in litigation, regulatory proceedings, and internal investigations. Digital forensics in tax search and seizure proceedings — reviewing the significance of seized electronic records and building the financial narrative that defeats or minimises tax additions. Preservation orders and evidence integrity — ensuring that electronic evidence is collected, preserved, and authenticated in a manner that will withstand challenge in the Indian courts and regulatory forums. Cryptocurrency tracing — following the movement of funds through blockchain transactions, exchange accounts, and mixer services for fraud recovery and AML investigations.
Learn More →Financial analysis in support of litigation — quantum of damages, lost profits, business valuation disputes, account stated claims, diversion of funds calculations, and the financial modelling that underlies the largest commercial claims. Expert witness reports in court proceedings and arbitrations — the independent CA expert report that accompanies the legal submissions, prepared to the evidentiary standards required for the specific forum. For tax litigation — the CA-certified financial analysis that supports ITAT submissions on TP adjustments, Section 56(2) valuation disputes, and unexplained income additions. For insolvency — the financial analysis of the corporate debtor's accounts that supports the creditor's claim quantum and the resolution professional's assessment of the resolution plan's viability.
Learn More →Forensic financial due diligence for acquisitions — going beyond statutory audit to identify hidden liabilities, related-party transaction irregularities, revenue recognition manipulation, off-balance-sheet exposures, and cash flow misrepresentations that a standard audit does not surface. Forensic audit in the context of corporate governance failures — appointed by audit committees, independent directors, or boards to investigate specific financial irregularities. Fraud risk assessments for companies seeking to identify systemic weaknesses in their financial controls before a fraud occurs. For investors conducting pre-investment due diligence on Indian companies — the forensic audit that verifies that the financial statements are a reliable picture of the underlying business.
Learn More →The forensic accounting team operates as a shared resource across all GP practices — not as a separate practice that other practices refer to. In Tax Litigation, the forensic team prepares the financial analysis that supports ITAT submissions — comparable company analysis, DCF valuations, and cash flow reconstructions. In Commercial Litigation, it prepares quantum of damages evidence and lost profits calculations. In Fraud and White Collar, it conducts the financial investigation that identifies the scheme and the perpetrators. In AML, it prepares the financial intelligence that traces suspicious transactions through correspondent banking networks. In Insolvency, it analyses the corporate debtor's accounts and the resolution plan's financial projections. In Tax Search and Seizure, it reviews seized records in real time during the search. This is the GP structural advantage in one paragraph.
An independent director who suspects financial irregularity within the company faces a specific challenge: they need an investigation that is independent of management, confidential, legally privileged, and capable of producing evidence that can be used in regulatory proceedings and civil or criminal litigation. GP provides this capability — the forensic accounting investigation instructed by the audit committee or independent directors, structured through legal counsel for privilege, and designed to produce findings that are defensible in every subsequent forum. When the investigation concludes that management has committed fraud, GP's legal team is immediately available to manage the regulatory notifications, the police complaint, the civil recovery action, and the governance remediation — without any handover or briefing delay.
A company that discovers a director has been systematically diverting company funds — through inflated vendor invoices, fictitious salary payments, unauthorised related-party transfers, or outright theft from company accounts — faces an immediate practical question: where is the money, and can it be recovered. The legal tools for recovery — Mareva injunctions, PMLA attachment, criminal complaint under Section 406 IPC or Section 447 Companies Act — all require, as their foundation, a forensic financial map of where the money went, how much was diverted, and where the assets are now. GP's forensic team builds that map. Our legal team deploys the recovery tools simultaneously. The director who thinks the money is safe overseas has not encountered both halves of GP's team working together.
The critical difference between GP and every other Indian law firm that offers forensic accounting is structural: at GP, the forensic accountants are employees of the same firm as the lawyers, working on the same instructions, under the same engagement letter, communicating in real time rather than through reports and briefings. This eliminates the translation loss that occurs in every referral model — the financial analysis is designed for the legal purpose, the legal strategy reflects the financial reality, and the client receives a single coherent output rather than two parallel documents.
Forensic accounting standards developed for the UK, US, or international arbitration do not map directly onto the evidentiary requirements of the ITAT, the NCLT, the Bombay High Court, or the CBI Special Court. GP's forensic team prepares analysis designed specifically for Indian courts and tribunals — understanding the standard of proof required, the admissibility requirements for documentary evidence, the format that Indian judges and tribunals find persuasive, and the way that ICAI standards interact with judicial evidence requirements. The forensic report that wins in an Indian court is not the same document as the forensic report that wins in a London arbitration.
Most Indian forensic accounting firms conduct their investigations within India. When the money has moved overseas — to a Dubai holding company, a Singapore account, an Australian property, or a UK trust — they refer the overseas trace to a foreign firm and manage the coordination. GP's corridor expertise means that the overseas trace is conducted with the same understanding of the local banking and legal system as the Indian trace. The forensic accountant tracing funds to a Singapore account understands the MAS framework for account freeze requests. The accountant tracing assets to an Australian property understands the AUSTRAC reporting framework. The investigation is genuinely bilateral — not a handover.
Complete confidentiality maintained.
Advised the audit committee of a listed company on the investigation of suspected financial fraud by the CFO — who had been authorising vendor payments to entities controlled by his family members, totalling Rs.38 crore over three years. GP's forensic team was engaged through legal counsel (for privilege) and conducted the financial reconstruction — tracing the vendor payment flows, identifying the related-party relationships, and establishing the financial map of where the funds had gone. Within two weeks of the forensic investigation commencing, GP obtained an ex parte Mareva injunction from the High Court freezing the CFO's personal and business assets, filed an FIR under Sections 406 and 420 IPC, and filed a complaint with SEBI for violation of the listed company disclosure obligations. Rs.24 crore was ultimately recovered through a combination of court-ordered asset repatriation and negotiated settlement.
Advised a group of minority shareholders on the investigation and recovery of Rs.62 crore that the controlling promoter had systematically transferred out of the company — through inflated related-party contracts — to a Dubai holding company and subsequently into UAE real estate. GP's forensic team traced the funds through the Indian transaction records, identified the Dubai entity's ownership chain (ultimately beneficial to the promoter through a nominee structure), and established the acquisition of UAE real estate. GP managed the Indian proceedings — NCLT oppression petition under Section 241/242, attachment before judgement application, and ED complaint under PMLA — simultaneously with the UAE proceedings through GP's GCC corridor capability. Asset attachment orders were obtained in both jurisdictions.
Advised a pharmaceutical company on the ITAT appeal against a Rs.48 crore transfer pricing addition on intra-group royalty payments for the use of the parent company's pharmaceutical formulation IP. The Department's TPO had used a set of comparables that included companies with fundamentally different IP assets and royalty structures. GP's forensic accounting team prepared an independent comparable analysis using the Comparable Uncontrolled Transaction method — identifying five genuinely comparable pharmaceutical royalty transactions at a rate consistent with the company's royalty, and demonstrating the methodological errors in the TPO's comparable selection. The ITAT Delhi bench accepted GP's methodology and deleted the addition in full — endorsing the CUT method as appropriate for pharmaceutical IP royalties where genuine comparables exist.
The practice is led by a senior Chartered Accountant with forensic specialisation — experienced in corporate fraud investigation, asset tracing, digital forensics, and litigation support across tax, insolvency, and commercial dispute contexts. The team includes CA-qualified forensic accountants specialising in each of the five sub-practice areas, digital forensics specialists with certified forensic tool proficiency, and financial modelling specialists for damages quantification and valuation disputes.
The practice coordinates with every GP legal practice that has a financial analysis dimension — which, in a law firm that advises on tax, commercial disputes, fraud, insolvency, AML, and corporate governance, is the majority of the firm's work. The forensic team's availability is the same as the legal team's: immediate for urgent matters, within 24 hours for all others.
The engagement structure, instruction chain, and reporting framework that attract legal professional privilege in Indian court and regulatory proceedings — and why most forensic investigations are not structured for privilege when they should be.
Read Guide →The financial patterns, behavioural indicators, and governance weaknesses that precede the majority of significant Indian corporate fraud cases — and the controls that detect fraud before it reaches a scale that damages the business irreparably.
Read Alert →Whether you suspect internal fraud, need assets traced, require expert evidence for litigation, need a corporate fraud investigation, or are facing a Benami attachment — our team responds immediately for urgent matters and within 24 hours for all others.
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