Forensic Insolvency

Money laundering: recovering laundered funds
A money-laundering scandal threatened relations between Britain and one of its Caribbean territories, implicating a locally registered bank.

We managed the bulk of the recovery actions, including a major court action to prove that a $4million payment to the government was for improper purposes.

The liquidators have since declared and paid a final dividend of 100% to all eligible creditors.

Bills of exchange problems: preventing an extradition
When the chairman and CEO of a collapsed Asian finance company faced extradition to stand trial for alleged embezzlement of the equivalent of $55million, we were instructed by the defendant’s lawyers as an independent expert reporting to the UK court.

We conducted a forensic accounting analysis, which was presented to court. We persuaded the court that the chairman’s alleged actions in Asia would not, in any event, constitute a crime in the UK.

The extradition was prevented.