Global Due Diligence Case Study
The following case study is an example of Kreller investigative due diligence services to help clients avoid foreign corrupt practices through comprehensive FCPA services.
Due to the covert nature of the industry, client names are proprietary; however, the following case study represents a cross section of international due diligence investigations recently conducted on behalf of Kreller clients.
Greece, Medical & Pharmaceutical
A Fortune 50 major medical device/pharmaceutical company conducted a routine internal audit in Greece. Upon return to her hotel room, an audit team member found flowers and a note from a whistleblower with a description of a lucrative kick-back scheme involving one of the company’s local distributors and the client’s country manager.
Kreller’s investigator conducted extensive research on both parties. The due diligence investigation revealed the country manager’s brother-in-law owned the local distributor operation. In addition, findings indicated that the country manager was living well beyond his means, owning multiple cars, boats and homes in expensive locales. The medical device/pharmaceutical company dismissed the country manager and he was subsequently prosecuted for fraud.