- 18. 10. 2019
- Posted by: admin
Dan led a team investigating fraud suspicions occurring before the insolvency of a significant investment of the bank (clothing manufacturer). The client asked us to identify potential asset stripping, financial statements fraud, and conflicts of interest cases within the company under the reign of the management prior to the insolvency announcement. The engagement was performed under the collective powers of and in close communication with three banks participating in the creditors’ committee. Major issues like misappropriation of the company’s intellectual property, services paid but not provided, and unallowed conflicts of interest of previous managers were identified.