Nardello & Co. was retained by a multinational corporation to conduct a pre-acquisition, anti-corruption-focused due diligence investigation on 12 companies in the oil/gas sector and over 30 key executives of these entities.
Our investigation was comprised of open source online and onsite research across Brazil including in remote and rural areas. We also conducted source inquiries with contacts in law enforcement, the oil/gas sector and regulatory agencies. Our investigation of the executives disclosed issues such as criminal cases over destruction of evidence, child prostitution, and ties to a company that played a key role in a massive corruption scandal involving the oil and gas sector.
Our investigation allowed the client to inform their negotiations in the acquisition with a view toward mitigating anti-corruption risks.