In 2021, CRA’s São Paulo office was retained by a client operating in the private health sector to work as the single provider of anti-corruption due diligence in their merger and acquisition processes in Brazil.
In six months, the client requested ABC (anti-bribery and corruption) investigations into 17 investment opportunities it had in the country, which added up to around BRL 190 million in total revenue.
Accounting records were reviewed through forensic accounting and transaction testing exercises; CRA conducted background checks in more than 50 targets, including not only the clinics, but their shareholders, clients, and service providers; and our team participated in more than 70 hours of targeted FCPA-focused interviews, seeking to ascertain details of specific accounting practices for each particular case.
