Client issue
A multi-billion-dollar rail project in Indonesia was suspected of large-scale embezzlement involving senior executives and offshore shell entities.
CRA approach
Andrew Bayer, Principal in CRA’s Forensic Services Practice, led this high-profile investigation with a cross-border team of ten forensic accountants, data analysts, and local investigators. Andrew and his team reviewed more than 2,500 transactions throughout the project lifecycle, 200 vendor contracts, and 10TB of project data. The investigation uncovered fabricated service agreements and traced cross-border payments linked to inflated invoices and shell entities enabling senior project personnel and intermediaries to siphon funds. Structured interviews with project stakeholders and detailed payment flows provided clear evidence of misappropriation.
Client impact
The findings supported legal recovery efforts, improvements in actions to recover assets, informed enhancements to vendor screening and monitoring, and reinforced financial controls for large-scale infrastructure projects.
