De-blacklisting of a global machinery conglomerate

Partnering with a global boutique compliance and forensic group, we were asked to help perform an independent investigation required by the World Bank on a German machinery group. They retained our partners to deliver an independent report on suspected wrongdoings during a number of projects constructing waterpower plants around the globe. This was to remove the company from the WB blacklist, which prevented them from taking part in any global WB investment projects.

In our forensic efforts together with our partners, we forensically investigated four major power plant projects, in particular in Asia and Africa, and reported all identified irregularities and wrongdoings, specifically bribery and corrupt payments intended to smooth out tendering procedures with the authorities.

The group’s lawyers used our findings to recommend improvements in risk management procedures, demonstrating to the WB the fresh willingness of the group to obey all necessary ethical principles for participation in tenders financed by WB.