Tracing Assets and People

People: locating an international businessman
When a solicitor was acting for the wife in a hotly contested divorce, he secured a multi-million pound settlement against the husband. However, his problem was attempting to collect the money as the absent husband had business interests in many countries.

BTG Forensic were asked to help locate the husband so that the solicitor could enforce the settlement.

Within days, we not only found the husband, but also served the papers on him.

Futures fraud: freezing and seizing worldwide assets
When one of the world’s leading cocoa commodities trading companies was purchased by a banking group, it brought £100million claims against the former chairman and directors for alleged misrepresentations and unusual trades when the company was sold.

As court-appointed receivers, we investigated and safeguarded the former chairman’s assets. Although he claimed few assets, our extensive tracing exercise identified cash movements through a series of companies worldwide.

In total, we identified and seized assets of £90million – the first reported case of a worldwide asset-freezing injunction, which was decided by the Court of Appeal.