Investigation of an energy company
An Italian investment fund operating on an international scale retained CRW to investigate an Asia-Pacific energy company with the aim of developing a partnership in the wind and photovoltaic sector.
Reearch established that the company was ultimately owned by Chinese individuals and that it had been involved in legal proceedings due to allegations of violations of environmental and work safety regulations. In addition, the Chinese beneficial owner was linked to high -ranking PEP. Targeted research, conducted to establish whether this relationship represented a high risk or had been abused revealed no other red flags.
Based on the results of the due diligence, the client decided to take risk-mitigation measures including monitoring of the relationship.