Nardello & Co. was engaged by the London office of a US law firm that was acting on behalf of a US-owned telecommunications company with operations in Eastern Europe. The company was concerned about potential FCPA violations arising from allegations of bribery, money laundering and widespread accounting irregularities.
Nardello & Co.’s team of IT forensic specialists spent weeks imaging and analyzing computer records in Europe in order to determine if fraud had occurred in the company’s pursuit of a multi-million dollar contract with a partly state-owned energy company. Our senior staff conducted numerous background investigations of, and interviews with, key individuals. Potentially corrupt links were investigated so the US parent company could determine whether it should self-report any FCPA violations.
Our findings showed a clear case of commercial bribery, which did not require self-reporting under FCPA guidelines.