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References

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Forenote

All of the below references relate to the period from 2009 onwards, unless stated otherwise. Due to contractual and other legal arrangements, full identity of clients or more engagement details cannot be shared publicly.

Financial Services

Online leasing company theft

Financial Services

For a company leasing motor vehicles online we performed an asset tracing and recovery exercise after they suspected some of their leased cars had been stolen.

Applying sophisticated methods of online GPS detection, combined with business intelligence on the involved entities and individuals, we established that three of the high-price cars were moving in Ukraine and ex-USSR states. Our data analytics team forensically analysed the online tracking data gathered from the vehicles and prepared a full track of the cars´ trajectories. We initiated on-the-ground detective work to confirm the locations of the cars physically. Although two of the traces ended in Kazakhstan and Belarus, the third vehicle was located in Ukraine, already fraudulently registered there. The client obtained a detailed report, enabling them to recover the vehicle, but also including practical steps to strengthen their risk management procedures and prevent such occurrences in the future.

Relevant Expert Areas:

Intelligence on the assets of a Central European tycoon

Financial Services

A Polish client requested in-depth intelligence gathering on a Central European tycoon, who had apparently defrauded thousands of clients in a large-scale investment scam. The ultimate clients wanted to use our findings in a court ruling which would give them a chance for damage mitigation.

Through collaboration with a proven network of foreign detectives, and our own intelligence resources, we gathered open-source and other information on the individual, his businesses and in particular assets he owned around the globe. Thorough analyses and combination procedures allowed us to provide the client with a comprehensive report that enabled the ultimate clients to make informed decisions on legal steps towards the use of the available assets for the restitution of their investments.

Relevant Expert Areas:

Resetting AML compliance system at a top 5 Central European bank

Financial Services

A member of the Board of Directors of a major banking group in Central Europe asked us for expert assistance in resetting their internal AML compliance system in the complicated area of ​​corporate banking. The reason for DABRICON’s involvement was primarily their deep knowledge of regulations and systems for the prevention and detection of money laundering, and setting up appropriate AML systems, as well as our flexibility to start and work on such project with the highest possible urgency. The client’s condition was that we will implement agile project management and methodology.

After several months of initial regulatory, system, technical and control analyses, we designed an agile project aimed at identifying and analyzing current shortcomings in the bank’s AML compliance system in the areas of client onboarding, periodic inspections and auditing, especially with regard to (front- / middle- / back-office), the second (compliance department) and the third (local and group audit authorities) line of defense, including risk management.

The project was originally planned for 4 months, however, the gradual revealing of the bank’s non-compliance with regulatory requirements and a number of identified gaps in technical and control mechanisms showed the need to extend the whole project to completely reset the AML compliance system to minimize the risk of non-compliance with applicable regulations, especially considering many findings presented by the National Regulator after approx. 7 months of the project work.

Relevant Expert Areas:

In-depth review of risk management in the retail lending division of a major Czech bank

Financial Services

Dan performed an in-depth review of risk management in the retail lending division of a major Czech bank. The engagement scope included analyses and recommendations for improvement, focusing primarily on product development, distribution channels, loan approval and underwriting, and collections. The project also included an overall review of the fraud risk management framework in retail lending and suggestions for improvements in fraud risk management at the bank in general.

Relevant Expert Areas:

Special review of irregularities during insolvency of a bank’s debtor

Financial Services

Our team investigated suspicions of fraud prior to the insolvency of a significant investment of the bank (clothing manufacturer). The client asked us to identify potential asset stripping, financial statement fraud, and conflicts of interest within the company under the reign of the management ahead of the insolvency announcement.  This engagement was performed under the collective powers of, and in close communication with, three banks from the creditors´ committee. Major issues like misappropriation of the company´s intellectual property, services paid but not provided, and unacceptable conflicts of interest of the former managers were identified.

Relevant Expert Areas:

Large-scale investigation for a Swiss insurance group

Financial Services

Dan’s team led the data analysis part of a large-scale investigation for a Swiss insurance group which was suspected of deceptive reduction of reserve balances, leading to improved financial statements. Our specialists performed data testing which focused on analysis and detection of potential fraud in the area of damage claims and insurance operations.  During the review, we identified specific deviations in the Company’s behaviour.

Relevant Expert Areas:

Special review of selected loans for a major Slovenian bank

Financial Services

A team of Dan´s specialists conducted a special review of selected loans for one of the major Slovenian banks. We selected loans concluded with several clients from the whole Adriatics area. We focused on the loan approval process in order to identify potential gaps in the process and/or potential non-standard treatment of the selected loan recipients. In addition, we performed background checks on loan recipients based on publicly available sources, to identify potential conflicts of interest. Dan´s teams focused on the review of 150+ loans which appeared to be irrecoverable, with a special focus on the conditions under which these loans were provided and the procedures undertaken by the bank for credit risk assessment and loan approval. The investigation revealed that some of the loans were provided to PEPs in the Adriatic region.

Relevant Expert Areas:

Bad debts investigation, Central Europe

Financial Services

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.

 

Relevant Expert Areas:

Investigation of selected events at the acquired company

Financial Services

Our client, a German investment group, asked us for assistance in connection with the acquisition of a Czech company operating in construction and servicing of energy equipment. In the first year after the acquisition, the acquired company lost a key customer, which accounted for a significant share of its sales, after prematurely terminating service contracts and agreeing with the company’s former management to settle them. Simultaneously with the early termination of the contracts, several dozen employees of the company resigned, and most of them were subsequently employed by the key customer.

We examined the circumstances of early termination of contracts by the key customer, its communication with the former management of the acquired company and internal decision-making in the company itself, focusing on the potential collusion between the two parties. We analyzed in detail the settlement agreement related to the early termination of contracts, the course of negotiations on its conditions and the basis for the calculation of the settlement.

Our investigation showed that the company’s former management did not act with due diligence when accepting the terms of the early termination of contracts that did not fully compensate for lost profit. In addition, the key customer did not pay some items specified in the purchase agreements for the transfer of assets used in prematurely terminated service projects. We also found that the former CEO had violated the Director Service Contract through a number of his actions, and also had not ensured the company’s proper accounting in the area of asset inventories. According to the client’s requirements, our report contained a detailed reconstruction and description of the events preceding the early termination of contracts and an agreement on their settlement, including a comprehensive timeline.

Relevant Expert Areas:

Special review on a healthcare business of a private equity business

Financial Services

Dan’s team was retained by a private equity business to review and investigate potentially improper business events, transactions and other activities in a number of health clinics, which might have caused damage of a financial and/or non-financial nature to the investors of the Client.

Our investigation, including thorough data analytics and eDiscovery procedures, made  serious findings concerning the cash withdrawals of the former owners and management amounting to 65mln CZK, and questionable transactions via Swiss bank accounts or undue cash-in transactions on ATMs totalling 20mln CZK within a year.

Relevant Expert Areas:

Construction / Real-estate

Post-acquisition DD focused on ABAC

Construction / Real-estate

We were contracted by a major construction materials company to conduct a post-acquisition due diligence review of an anti-bribery and anti-corruption (“ABAC”) program in Serbia. Specifically, the review was designed to obtain a current-state assessment of processes, controls, infrastructure, and related activities and transactions for the 12-month period prior to the closing date of the acquisition. The review focused on applicable anti-corruption laws and regulations, including the U.S. Foreign Corrupt Practices Acts (“FCPA”) and the U.K. Bribery Act of 2010.

Relevant Expert Areas:

Investigation of allegation against a manager of one of the biggest global logistic real-estate companies

Construction / Real-estate

For one of the biggest global logistic real estate development and management companies, Dan investigated allegations of undue business relationships of their Czech manager. These concerned suspicious payments from the facility management vendor via accounts in Hong-Kong, Poland, Lithuania and Slovakia for potentially manipulated tenders and planned illegal collusion in the sale of FM company in Hungary.

Via a thorough forensic review of available documentation, data and information initially obtained from the Client, we attempted to confirm the allegations in linking suspicious payments with the chronological flow of critical events, supplemented by tender conditions and results. We also applied forensic interviewing and interrogation methods to unfold key information from relevant personnel to gather remaining intelligence over alleged payments and undisclosed relationships and circumstances.

The review ultimately included three CE countries.

The review resulted in the suspect acknowledging certain illegal payments in the period reviewed, and voluntarily terminating his employment at the Client.

Relevant Expert Areas:

Review of potentially unjustified management fees from a shopping centre to a supplier for a private equity fund

Construction / Real-estate

Our client, a private equity fund and minority shareholder of a shopping centre, approached us to review payments made to its supplier – a facility management company – based on an allegation of potential unjustified management fees charged to the Client.

The team conducted a high-level review of payments to the facility management company for the period from 2007 to 2010. We compared the entitlement of the facility management company with contract provisions and identified a difference amounting to EUR 3.5m. Our results were used as the basis for the Client’s lawsuit and were also provided to the counterparty.

We provided the Client with detailed calculations conclusively demonstrating the anomaly in the management fee charged by the facility management company, and thus the potential loss for our Client.
Relevant Expert Areas:

Review of former executive´s mismanagement

Construction / Real-estate

Dan’s team was retained to conduct a forensic investigation of allegations against the former CEO of a major construction company. The alleged irregularities included:

  • Asset stripping and embezzlement of funds by the former CEO and senior members of management;
  • Members of management pursuing other business interests representing a conflict of interest due to their positions within the company;
  • Collusion with suppliers and sub-contractors;
  • Bribery and corruption;
  • Non-commercial contracts entered into with third parties to the detriment of the company; and
  • Very weak internal controls.
Relevant Expert Areas:

Detailed Forensic review for a major European property developer

Construction / Real-estate

Dan’s team was engaged by a major European property developer to perform a detailed forensic review of the Client’s Romanian activities with the key focus on a recently built shopping mall.

The review focused primarily on operations regarding the shopping mall in respect of the following:

  • Exposure of potential non-standard transactions, undisclosed relationships and individuals involved;
  • Identification of potential non-standard transactions, schemes and/or wrongdoings from the commencement date of the project;
  • Identification of potential involvement of the local management and employees in the non-standard transactions and/or misconduct;
  • Review of internal controls in place and procedures related to the areas of the Client’s concern; and
  • Recommendation on enhancement of policies, procedures and controls to mitigate identified risks for future projects.
Relevant Expert Areas:

Energy & Environment

Risk Management of a CE grid organisation

Energy & Environment

DABRICON was asked by an electricity grid organisation to professionally review their crisis plans and recommend enhancements to their business continuity planning and risk management procedures overall.

Reviewing the risk management process and its details in the company revealed that the crisis plans only formally fulfilled legal requirements, without sufficient regard to practical risk perspectives. We found significant gaps in operational risk cover, or discrepancies in setup and application, which represented a threat to the company. BCM appeared more theoretical than applied. Risk management did not carry sufficient value in the company´s culture, on the assumption that public bodies would deal with potential damage.

We recommended numerous improvements to change this situation and manage the clearly growing risks affecting their operations (in particular, cyber-crime, geopolitical change, and bribery) in a way suited to  the risk environment of the 21st century.

Relevant Expert Areas:

Acquisition risk DD in Georgia

Energy & Environment

A major energy producer and investment group retained us to resolve their concerns on the planned acquisition of a monopoly Georgian steel works. These included doubts concerning the target’s ownership and managerial structures, as well as the background of their capital and political ties.

Utilising our wide network of local detectives and operators, we were able to gather critical information on the true owners, linked entities and individuals within the ownership and management. These we forensically analysed, putting together in an intelligence report that was ultimately presented to the client. Information and graphics showing the links to ultimate owners and tax havens brought a halt to the client´s endeavours to acquire the target, causing them to re-think their investment strategies in the country.

Relevant Expert Areas:

Forensic review for an independent energy trading company

Energy & Environment

An independent energy trading company appointed DABRICON to review allegations of customer data misuse, undue business arrangements with sales commissioners and misuse of the bonus system.

Thorough forensic data analyses in connection with a DLP system review, were key to uncovering widespread abuse among key managers, seemingly in favour of their relationships with certain sales agents, with severe breaches both of internal security policies and legal obligations. Our detailed report demonstrated each individual abuse with all relevant electronic tracking. These proved to be a trigger for criminal prosecution of the suspects. Further, Dan´s team thoroughly analysed the commissions scheme, finding it to favour the closing of undue contracts with certain agents, that furthermore were interlinked. The main issue was a general failure to verify customer contracts brought in by distributors, which were subsequently to a large extent confirmed as fake.

Relevant Expert Areas:

Consumer Goods & Trading

Irregularities at a multinational supermarket chain

Consumer Goods & Trading

One of the largest international supermarket chains repeatedly commissioned us to assist them in numerous risk management efforts of concern to their compliance and legal representatives. These included:

  • fraud and bribery allegations in the land acquisition process of the department dealing with tendering for new shop construction
  • Contradicting claims in a dispute with a marketing vendor over a mismanaged advertisement campaign
  • A forensic review of development planning.

All these projects were carried out by our specialized teams with the utmost diligence, professional care and the specific inside knowledge acquired through the years of working for this and other clients in the industry. We obtained the highest confidence of the client, working under the utmost confidentiality within the organization while ensuring the long-term non-disclosure of our investigations.

An important part of the above-mentioned projects was our constant support to the high-profile lawyers of the client, delivering them facts and data forensically gathered and analysed that held critical importance to the resulting legal cases.

Relevant Expert Areas:

Review of potentially unjustified management fees from a shopping centre to a supplier for a private equity fund

Consumer Goods & Trading

Our client, a private equity fund and minority shareholder of a shopping centre, approached us to review payments made to its supplier – a facility management company – based on an allegation of potential unjustified management fees charged to the Client.

The team conducted a high-level review of payments to the facility management company for the period from 2007 to 2010. We compared the entitlement of the facility management company with contract provisions and identified a difference amounting to EUR 3.5m. Our results were used as the basis for the Client’s lawsuit and were also provided to the counterparty.

We provided the Client with detailed calculations conclusively demonstrating the anomaly in the management fee charged by the facility management company, and thus the potential loss for our Client.
Relevant Expert Areas:

Forensic review for a multinational sporting goods retailer

Consumer Goods & Trading

Dan was engaged by a multinational sports goods retailer to assist with an internal review of certain issues of concern in their Hungarian operation, and then to follow-up with a detailed forensic investigation in the agreed areas of concern. The review identified numerous irregularities and potential fraud risks, especially in the operation’s logistics, inventory, and sales processes. The client then asked us to perform similar reviews in the company’s Czech, Slovak, Polish and Croatian operations.

Relevant Expert Areas:

Economic analyses concerning suspicion of fraud

Consumer Goods & Trading

We were engaged by a Czech company trading watches to review their Polish business with regard to steadily stagnating profits, low online business and the potential for other operational risks. The focus was to understand whether these criticisms were material and were the results of inefficiency, mismanagement, or even fraud.

We identified not only irregularities in the accounting of inventories and loans, but also intentional manipulations of intercompany payables to cover up the true economic situation of the branch. The consequences of these amounted to millions of Czech crowns. Our follow-up recommendations included changes in the management culture of the branch, strict amendments in accounting policies, changing their auditing firm,  and the implementation of  more robust financial management systems.

Relevant Expert Areas:

Machinery & Defense

De-blacklisting of a global machinery conglomerate

Machinery & Defense

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.

Relevant Expert Areas:

International defence business compliance audit

Machinery & Defense

One of our global boutique compliance and forensic partners retained us to perform onsite compliance audits in Czech and Slovak Republics to fulfil the requirements of CFIUS (Committee of Foreign Investments in US) regulations. These require companies acquiring US enterprises to commit to auditing internal processes, in respect of managing risk, data and the structures of their own and the newly formed groups. Such audits involve thorough reviews of the outlined policies and procedures, both formally and operationally, through document review and interview of numerous personnel in various positions throughout the group.

During our work we covered over 20 of the client’s entities and reported all circumstances of potential non-compliance,  also recommending improvements.

Relevant Expert Areas:

Acquisition risk DD in Georgia

Machinery & Defense

A major energy producer and investment group retained us to resolve their concerns on the planned acquisition of a monopoly Georgian steel works. These included doubts concerning the target’s ownership and managerial structures, as well as the background of their capital and political ties.

Utilising our wide network of local detectives and operators, we were able to gather critical information on the true owners, linked entities and individuals within the ownership and management. These we forensically analysed, putting together in an intelligence report that was ultimately presented to the client. Information and graphics showing the links to ultimate owners and tax havens brought a halt to the client´s endeavours to acquire the target, causing them to re-think their investment strategies in the country.

Relevant Expert Areas:

Automotive / Logistics

Investigation for a global automotive client

Automotive / Logistics

Dan’s team was appointed by a global automotive client who suspected risks in one of their production sites in Czech Republic. The key focus of the outlined specific review was, under the auspices of a FCPA regulatory review, to investigate the key circumstances and understand the potential for fraud or abuse in areas of procurement, agency workers, and the clocking system.

The review brought significant findings regarding undue arrangements between the site manager and work agencies, deficiencies in the functioning of the clocking system, and major issues around the procurement of certain materials. Following this review, Dan´s team was asked to train the employees on compliance with rules and regulations, and to perform a similar review on another site.

Relevant Expert Areas:

Addressing suspicions of serious bribery and manipulation of financials

Automotive / Logistics

DABRICON was retained by a global logistics group to address a number of serious issues uncovered in its Slovak entity. These ranged from bribery allegations to manipulation of financial statements. The Client therefore wanted to hire a specialised risk management and forensics advisor to address any potentially outstanding issues, identify the suspects who might have participated in irregularities, help the Client subsequently introduce appropriate risk mitigation steps, and strengthen the Slovak organisation to the maximum in corporate governance, processes and internal controls.

 

Relevant Expert Areas:

Pharma

Special review focused on compliance and potential conflict of interest, tax and organizational optimalization of the group

Pharma

A long-term client asked DABRICON to evaluate the potential risk of a conflict of interest in the planned business with medical supplies during the ongoing SARS-CoV-2 coronavirus epidemic, due to its concurrent involvement in a multinational company operating in the field of medical diagnostics. Our review covered business activities of this kind in the Czech Republic, Poland, Germany, the Netherlands, and the Balkans.

After performing detailed risk analyses of the received business documents and data, and including relevant legal and professional consultations, we recommended to the client several steps to avoid increasing the risk of non-compliance of the planned transactions with their current management positions. However, we have identified a number of difficulties in the correct application of some local accounting and tax laws in the corporate reporting of one of the companies. Therefore, in cooperation with tax advisors, we also recommended a new structure of the client’s business, incl. certain adjustments to the organization, accounting, and tax operations.

Relevant Expert Areas:

Third-party compliance review for an international pharmaceutical company in Serbia and Croatia

Pharma
We conducted a third-party compliance review for an international pharmaceutical company in Serbia and Croatia. The objective was to identify controls in place, as well as areas to further strengthen the compliance/FCPA program and determine if internal controls were appropriate. Our review consisted of information gathering interviews with the local employees and a review of selected paper and electronic documentation with a focus on tendering for services and promotional and non-promotional activities and events.
Relevant Expert Areas:

Special review on a healthcare business of a private equity business

Pharma

Dan’s team was retained by a private equity business to review and investigate potentially improper business events, transactions and other activities in a number of health clinics, which might have caused damage of a financial and/or non-financial nature to the investors of the Client.

Our investigation, including thorough data analytics and eDiscovery procedures, made  serious findings concerning the cash withdrawals of the former owners and management amounting to 65mln CZK, and questionable transactions via Swiss bank accounts or undue cash-in transactions on ATMs totalling 20mln CZK within a year.

Relevant Expert Areas:

Other

Forensic review focused on property management at two organizational units of the Czech Ministry

Other

One of our forensic reviews focused on property management at two organizational units of the Czech Ministry, including:

  • Forensic examination of tens of recent tenders and contractual and accounting documentation for expenditures within the organization units in order to identify potentially irregular and non-transparent tender procedures, unfavourable contracts, mismanagement of state-owned assets and breaches of internal policies;
  • Gathering of business intelligence and other information about entities and individuals potentially involved in irregular conduct and detection of any relationships and undisclosed links to employees of the relevant units;
  • Highlighting of actual or potential conflicts of interest as per applicable external and internal rules;
  • Forensic analysis of available data to identify irregular trends and transactions indicative of mismanagement.
Relevant Expert Areas:

Investigation of selected events at the acquired company

Other

Our client, a German investment group, asked us for assistance in connection with the acquisition of a Czech company operating in construction and servicing of energy equipment. In the first year after the acquisition, the acquired company lost a key customer, which accounted for a significant share of its sales, after prematurely terminating service contracts and agreeing with the company’s former management to settle them. Simultaneously with the early termination of the contracts, several dozen employees of the company resigned, and most of them were subsequently employed by the key customer.

We examined the circumstances of early termination of contracts by the key customer, its communication with the former management of the acquired company and internal decision-making in the company itself, focusing on the potential collusion between the two parties. We analyzed in detail the settlement agreement related to the early termination of contracts, the course of negotiations on its conditions and the basis for the calculation of the settlement.

Our investigation showed that the company’s former management did not act with due diligence when accepting the terms of the early termination of contracts that did not fully compensate for lost profit. In addition, the key customer did not pay some items specified in the purchase agreements for the transfer of assets used in prematurely terminated service projects. We also found that the former CEO had violated the Director Service Contract through a number of his actions, and also had not ensured the company’s proper accounting in the area of asset inventories. According to the client’s requirements, our report contained a detailed reconstruction and description of the events preceding the early termination of contracts and an agreement on their settlement, including a comprehensive timeline.

Relevant Expert Areas:

Investigation of suspected misconduct by an employee of an agricultural holding

Other

We were contacted by the legal representative of a person, who was accused by the Police of embezzling the funds of his employer – agricultural companies in the Czech Republic – stating that they required forensic support in proving his innocence. After understanding the introductory information received from them, we conducted a detailed forensic investigation of all standpoints cited by witnesses in the existing Police investigation, with the permission of the statutory representative of the companies concerned. Our investigation concerned the following:

  • Funds were stolen from companies’ accounts in cash by hundreds of withdrawals from ATMs in the vicinity of the company’s headquarters,
  • Funds intended for payments of taxes, social and health insurance and land fees have been embezzled,
  • Supplies of materials and agricultural commodities needed for farming were not reimbursed,
  • Other unauthorized transfers of company funds were made to the suspect.

In the course of our investigation, supported by data and forensic analyses of accounting and business records, it turned out that the employee in question apparently embezzled the funds of both companies by unauthorized drawing from the companies for more than two years, then betting and losing them via the internet betting platforms. According to our conclusions, the total damage exceeded tens of millions CZK. Using applied forensic techniques, we were unable to prove anything in favor of the accused person and we were also forced to inform the owners of both companies about these facts.

Relevant Expert Areas:

In-depth review of a municipality´s management

Other

Following coverage in the national media and a change in the Municipal Council of a Czech municipality, the DABRICON team was asked to conduct a detailed review of the management and finances of the municipality’s property during the previous seven years.

As part of a detailed forensic investigation of legal documents and accounting data, using general microeconomic principles, the multidisciplinary DABRICON team documented irregularities in real estate records amounting to millions of CZK, and repeated violation of public procurement guidelines. The final report also described repeated breaches of the obligation to dispose of the municipality’s property with due diligence, manifested mainly in the sale or lease of the municipality’s real estate to the former mayor or affiliates for a fraction of the market price, systematic manipulation of the sales quantities and prices of wood harvested by the municipality, and, on the other hand, excessive expenditures for the maintenance of public spaces paid by the municipality to companies associated with the former mayor.

The municipality had regularly passed the inspections of the relevant regional authority without major findings. Nevertheless, the potential damage to the municipality identified by DABRICON’s analytical activities amounted to almost half the municipality’s annual budget and its recovery is subject to further proceedings.

Relevant Expert Areas:

Long-term dispute assistance for the shareholder of an IT security start-up

Other

A successful IT security start-up owner asked DABRICON to assist in a long-term dispute with fellow shareholders, after serious disagreements about the business´s orientation, strategy and operations. The dispute escalated into criminal proceedings on both sides, over illegal cash transfers and undue asset removals from the entity’s premises.

After a thorough review of a significant volume of data, documents and information provided by the Client, we summarized the whole dispute into time and subject lines that provided a solid overview to better structure the work of assisting civil and criminal lawyers, also helping the Client to deal with law enforcement and tax authorities.

Relevant Expert Areas:

Investigation of suspected fraud for a law firm

Other

A law firm asked DABRICON to identify the full extent of suspected fraud in their French branch, where a financial controller appeared to have betrayed the firm in approving invoices for unauthorised services and goods, making payments for non-existent procurement, and abusing the company credit card.

Our full-scope investigation was performed to report to the client all suspected occurrences of fraud, assessing the damage.

The process included a forensic review of the firm’s US pension scheme system to confirm or rule out potential manipulations by the employee in requesting drawdown of the funds.

Relevant Expert Areas: