Financial Lines
Location: Caracas, Venezuela
Scope of Engagement:
- Forensic accounting investigation into allegations of misappropriation of assets at a major financial services corporation in Venezuela.
Quantum:
- In excess of US$4,000,000
Unique Aspects of Engagement:
- A scheme to divert VAT tax remittances was confirmed through strategic information gathering interviews and examination of accounting and finance supporting documentation
- A search of employee work area exposed personal bank statements that lead to the discovery of a scheme to launder the stolen money through the corporations own bank accounts