Corruption, Bribery & Remediation
Corruption, Bribery & Remediation
In conjunction with our investigation services, we also advise on remediation steps to address weaknesses in the controls of the business; which may have come to light as a result of an investigation into corruption or bribery allegations.
Case Work
Assignment 1: Hostile environment investigation
A UK organisation requested an investigation into alleged corruption within a company headquartered in a war zone. A forensic audit was undertaken, including a review of books and records, and interviews with the directors of the company. The investigation was conducted in the country, and was conducted with sensitivity towards both the target investigated and the client. The team undertook Hostile Environment Training for the assignment.
Assignment 2: Anti-bribery investigation
A HKSE listed pharmaceuticals company received whistleblower allegations of bribes being paid in Asia to secure contracts. Our investigation identified salesmen were fraudulently claiming expenses using fabricated documents. They were utilising the ill-gotten cash to bribe doctors and secure orders for the pharmaceutical products on an endemic scale.
Assignment 3: Management buy-out
On behalf of a UK listed company in the defence industry, we managed a project team in design and implementation of an anti-bribery and corruption remediation programme, following allegations of bribery in multiple overseas subsidiaries. The work included review of the existing policies and procedures, design recommendations and testing.
Gain Advice on Remediation
Opus works with businesses when they have concerns about illegal or unethical business conduct, particularly with regard to corrupt practices and non-compliance with anti-corruption laws.
Assignment 4: Anti-bribery remediation (defence sector)
The approval of construction of HS2 had resulted in the compulsory purchase of land and buildings of a country farm shop and sister wedding business in the Midlands. A claim was issued for recompense of the associated loss of profits and loss of business. We assessed the books and records for the two sister companies. Through forecasting lost future profits in conjunction with growth projections, we provided an independent valuation for the losses suffered.
Assignment 5: Anti-bribery remediation (engineering sector)
On behalf of a UK listed company in the engineering sector, following the detection of bribes paid to secure contracts throughout Europe. We managed the design and implementation of an anti-bribery remediation programme across Europe.
Long-term, it is important to manage risk of bribery and corruption and better protect your business from future unethical conduct.
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