“I have myself, or through colleagues, had working contacts with Risk Advisory for nearly ten years, both for business intelligence and corporate investigations. Our experience is nothing but good. "

Dr. Reinhard Preusche, Head of Group Compliance, Allianz

 

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Asset tracing of Africa-focussed business

We were instructed by a UK law firm to conduct an asset trace in advance of possible legal proceedings to recover assets from one of their client's underperforming investments - an Africa-focussed business managed by two individuals based in East Africa.

We were engaged to identify any assets held by the principals of this fund across East Africa and the UK. The paucity of information about the individuals' activities made it difficult initially to identify assets likely to be owned by them from publicly available information. However, through our contacts in East Africa were able to point to a number of different investments, properties and companies with which the individuals were connected.

Working from this information we conducted manual searches of corporate records and land registries in the countries concerned and thereby obtain evidence of ownership of properties and companies in several jurisdictions. As a result our clients issued legal proceedings against the subjects, which eventually resulted in the recovery of at least some of the initial investment.

The Risk Advisory Group (Holdings) plc Registered Office: 10-12 Russell Square London WC1B 5EH Place of Registration: England and Wales Company Number: 5188468