Corporate Fraud: Procurement Irregularities in a Multi-Site Business
Fraud Investigation
Background
A business with multiple retail locations suspected its procurement manager of systematically diverting funds to connected suppliers over a 4-year period.
Instruction
Instructed via solicitors (under LPP) to investigate financial records and quantify the potential loss.
Approach
Analysed 4 years' purchase ledger data against vendor master file; identified payments to suppliers with residential address registrations; traced fund flows to connected bank accounts; reconstructed the total loss period by period.
Outcome
Investigation identified a significantly larger loss than initially suspected, spanning multiple locations. Report provided the evidential basis for civil recovery proceedings and a successful freezing injunction application.
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