Client issue
A Middle East joint venture of a global industrial products manufacturer was suspected of facilitating money laundering and enabling executive misconduct through an offshore payments scheme.
CRA approach
Andrew Bayer, Principal in CRA’s Forensic Services Practice, led an independent, privileged investigation into the suspected money laundering and misconduct. Operating under privilege, Andrew led a 15-member multidisciplinary team comprising forensic accountants, e-discovery experts, and compliance professionals. Andrew reviewed seven years of financial records, examined transactions and terabytes of digital data, and interviewed over 20+ employees and third parties across multiple jurisdictions. The investigation uncovered $400 million in payments funneled through offshore shell companies and revealed executive-level involvement in bribery, embezzlement, antitrust schemes, and anti-money laundering (AML) violations.
Client impact
Findings supported regulatory disclosures, informed executive realignment and departures, and led to enhanced third-party due diligence protocols and governance controls.
