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LKS

Economic Offences

We provide effective and timely support during pre-investigation stages, post investigation proceedings, and in defending the attachment proceedings.

The team assists in drafting and representing the clients before investigating authorities, adjudicating authorities, and contesting the matters before higher appellate forums.

Economic offences at LKS

Our Team, comprising of experienced Advocates and Chartered Accountants, has been successful in obtaining relief from Adjudicating and Appellate Authority/Appellate Tribunal and High Courts in matters relating to following laws:

  • Benami Laws
  • Black Money Laws
  • Foreign Contribution Regulations
  • Foreign Exchange Laws
  • Prevention of Money Laundering (PMLA)

Scope of our work includes:

  • Advisory in attachment/seizure/freezing orders passed by Enforcement Directorate (ED) under Prevention of Money Laundering Act.
  • Assistance during investigations under Prevention of Money Laundering Act and Foreign Exchange Management Act.
  • Assistance in compounding of contraventions under Foreign Exchange Management Act.
  • Assistance in obtaining approvals from the Reserve Bank of India.
  • Assistance in proceedings under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.
  • Challenging show cause notices/penalty order/seizure orders passed by the Enforcement Directorate under Foreign Exchange Management Act.
  • Conducting due diligence under Foreign Exchange Regulation laws and Prevention of Money Laundering Act.
  • Litigation support during search and seizure proceedings.
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People

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V. Lakshmikumaran

Founder & Managing Partner, New Delhi

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S. Vasudevan

Executive Partner, New Delhi

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Mahendra Singh

Associate Partner, New Delhi

Insights & Media

10 July 2024

Power of Enforcement Directorate to attach any other property as ‘value equivalent’

In the recent case of Francis Chakkalamathaom Peter[1], the Hon’ble Appellate Tribunal under Prevention of Money Laundering A...

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6 December 2023

ED cannot initiate PMLA proceedings if criminal conspiracy is not for commission of any scheduled offence

Recently the Supreme Court has held that the offence of criminal conspiracy under Section 120-B of Indian Penal Code will bec...

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20 March 2023

Money laundering provisions to apply to Cryptocurrency sector

Based on the recommendations of the Financial Action Task Force (‘FATF’), the Finance Ministry, vide Notification dated 7 Mar...

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