The Client

A major investment bank with a presence throughout Eastern Europe and Asia.

The Problem

The client had made a number of multi-million EUR loans to a manufacturing business. The high profile firm was listed on an EU stock exchange and enjoyed favourable media coverage. With no warning, the MD declared bankruptcy with debts of approximately EUR 200 million, leaving 20 banks and over 100 other creditors fighting in the local courts. Our client suspected fraud, but could neither prove it was the victim nor dispel allegations of complicity.

The Outcome

Over 6 months, our investigative forensic team picked apart the data, while high-level sources were activated in the banking, legal and government sectors. 

• We uncovered hard evidence of a complex fraud scheme designed and overseen by a group including a former cabinet minister and a US-based financier

• Through our network we helped negotiated a private settlement with the group.

• Our client’s funds were quietly returned and its Board and executives exonerated of any involvement

USD 15 million recouped; the bank’s good reputation vigorously yet discreetly defended. We also managed proactive liaison with financial conduct regulators and media in three countries.