MSI has provided a range of services including financial analysis and due diligence for multinational clients from the legal and insurance industries.
Asset Recovery for a Fraudulent Claim
Sydney and Brisbane, Australia
A multinational corporation headquartered in an African country had claimed insolvency. Preliminary forensic accounting analysis suggested the claim was fraudulent and it was subsequently discovered that several members of its management team had fled the country to Australia to avoid prosecution. A number of parties including underwriters, investors and their lawyers sought to determine the management team's whereabouts and the disposition of the company's assets.
MSI organized a team of analysts and local researchers to attempt to locate the executives in question and ascertain whether they were in possession of any funds embezzled from the company. A range of information sources were utilized including media reporting, social media, and first-hand accounts.
In less than 72 hours, the MSI team determined the location of the executives. Further analysis revealed the individuals were maintaining a lifestyle that far exceeded their known assets. This fact led to the discovery of an offshore special purpose vehicle that had been established to hide the embezzled assets. The lawyers presented this information to the courts and the assets were seized.