Members of CRA’s team were hired by a public employee pension fund to investigate a $275M cost overrun on the construction of a $375M manufacturing facility. The team recreated the books and records for the project and proved that the owner of the company building the facility had committed a massive fraud. The team’s findings were presented to local prosecutors and the owner was indicted, ultimately paying back a substantial amount of his ill-gotten gains.
World Bank debars fraudulent Vietnamese vendor
What happened: On August 18, 2021, the World Bank announced that it had debarred a third-party vendor, Vietnamese company Newstech Trading and Investment...