Zürich - Switzerland
30 Jun 2022
The CEO of a Spain private equity firm, is being probed for his potential involvement in financial crimes.
The CEO of a Spain private equity firm, is being probed for his potential involvement in financial crimes. The CEO allegedly made misrepresentations during contract negotiations as well as instructed clients to make offshore payments. It is also alleged, that he used highly questionable bank documents.
In this video, our Swiss team is attending "Juzgados" in Madrid. Juzgados is the Justice department of Spain. Our Swiss team is attending the commercial crimes court at Juzgados, on behalf of our client.
The financial misrepresentations made to our client, led to significant loss as well as financial damage. Our client mandate, is to explain to the commercial crimes court, how the financial crimes were committed. Also to provide an overview of the flow of funds as well as to point out, questionable financial documents.
In summary, this enables our client, to bring a successful commercial crimes action against the CEO, as well as the private equity firm. In this case, the private equity firm's CEO was arrested on charges of fraud as well as potential money laundering.