DABRICON

Menu

|

Bad debts investigation, Central Europe

Two major banks instructed Dan and his team to conduct a forensic investigation into aspects of their bad debt portfolio and certain questionable transactions. The scope of work on these engagements included: The review and analysis of controls, systems and procedures. The detailed analysis of loans, letters of credit and other pre-financing schemes and arrangements.
  • 18. 10. 2019
  • Posted by: admin
  • Categories:
No Comments

Two major banks instructed Dan and his team to conduct a forensic investigation into aspects of their bad debt portfolio and certain questionable transactions. The scope of work on these engagements included:

  • The review and analysis of controls, systems and procedures.
  • The detailed analysis of loans, letters of credit and other pre-financing schemes and arrangements.
  • The identification of significant, irregular and/or fraudulent transactions.
  • The apportionment of blame.
  • The quantification of losses.
  • Necessary support in civil and criminal actions.

In one case, our client sued business parties in three foreign jurisdictions as a consequence of this investigation. In another instance, our investigation led to the arrest of a high-profile businessperson on charges of fraud against one of the two major banks.