Description: Fraud investigation carried out in a company in the industrial sector that involved various managers. A spare parts company experienced a drastic drop in billing volume, coinciding with the identification of a new entity in the market. This entity recorded a proportional increase in its sales that coincided with the decrease in the spare parts business. This led to the filing of a complaint for alleged unfair administration and discovery and disclosure of secrets.
Work carried out: Detailed analysis of the total sales of the new company, which has revealed the absence of causality from an economic perspective between the decrease in sales of the spare parts business and the increase in the total sales of the new company. Likewise, after a thorough examination of other circumstances, we confirm that there has been no diversion of business or misuse of intellectual property. We also found that the complainant company went through financial problems that could have impacted the decrease in sales of spare parts.
Result: Favorable ruling for our client.
Real estate
Description: Investigation of allegations of financial irregularities related to a former managing director of a housing cooperative, who was convicted of a crime of misappropriation related to the final disposition of the cooperative’s assets for his exclusive benefit and without intention of restitution the cash.
Work carried out: An objective and independent evaluation has been carried out of the facts for which the former managing director of the cooperative was being charged, including an exhaustive analysis of the accounting records, financial statements and relevant documents. Simultaneously, we implement cash tracing procedures to track cash flow, identifying each transaction and its purpose.
Result: It has been proven that each transfer in favor of the former managing director of the cooperative was based on legitimate pending settlements. We have also established unequivocally that the monetary movements between various entities were fully explainable as previous loans, all duly supported.
Service Sector
Description: Fraud investigation carried out in a listed company in a european country involving the CEO and other managers.
Work carried out: This project included a comprehensive review of two of the major ongoing projects. For this purpose interviews were held with certain employees, analyzed multiple computers and backups, corporate intelligence procedures were applied and supplier contracts identified as suspects were reviewed and analysed. The result of our work revealed the manipulation of stocks (work in progress or WIP) of the company in order to anticipate income.
Result: Resolution of the corresponding labor contracts and redundancies in addition to the decision to stop working in certain geographical areas.
