horse-stable
Photo by Signum Consulting

Case Study: Horse Stable

Location

Europe

 

Field

Energy

 

Services

Local Check, Business Partner Check

 

Team

Risk & Compliance Management

This story almost sounds too funny to be true. But this is exactly what we experience sometimes, when we check out our customers’ business partners on their behalf.

A German real estate company wanted to invest in an energy company in Serbia that builds hydroelectric power plants.

The total investment was 5 million Euros.

A business partner check revealed that the energy company was a dummy company. During the so-called “local check” on site we did not find any production site. What we found instead:

A horse stable!

Do you really know your business partners as well as you think?