In Venezuela, a US corporation contemplating a joint venture with a local firm retained Nardello & Co. to undertake a due diligence investigation to identify any reputational risks associated with the local firm. Our investigation included an examination of the target’s background and track record, an assessment of the viability of the business and a review of the reputation of its senior management.

We found that the target company’s principals had substantial links to organized criminal networks and were being sought by law enforcement authorities. Based on our findings, our client did not proceed with the joint venture.