Due Diligence & Commercial Investigations

Share holders in developed markets tend to be rather unsparing of companies that conduct their business without a more than reasonable degree of prudence and transparency particularly in developing markets where the rule of law is not as evolved or effectively enforced.

A global leader in the office automation business had to recently deconsolidate their Indian operations following an expose on graft that involved some of their senior executives in India. The Foreign Corrupt Practices Act that works as a conscience keeper for North American companies is often tested in India where aggressive business leaders are often tempted to cut corners in their pursuit of market share and profits.

Among the risks that loom in South Asia are crony capitalism, nexuses between local businesses and the underworld, inadequate disclosure standards, front companies and money laundering.

The combination of finance and law enforcement professionals in the TACT team is poised to offer a range of services that encompass the following business situations –

• Partnerships & joint ventures
• Empanelment of vendors
• Recruitment of leadership personnel
• Foreign portfolio & direct investments
• Buyouts
• Mergers & Acquisitions
• Divestitures

TACT has been regularly mandated by multinationals to deliver the following services in this segment – 

• Financial
• Legal and Compliance
• Reputation and Ethics 
• Conformity with registration procedures
• Identify stock ownership and share holding pattern
• Litigation searches covering civil, criminal and bankruptcy filings
• Movable & immovable assets search
• Media research & trailing
• Retrieval of government records
• Public record search
• Credit worthiness
• Reputation check
• Profiling of owners and key managers
• Compliance Verification

TACT’s bouquet of commercial enquiries addresses a client’s risk exposure primarily from within the system and centers primarily on employee malfeasance and fraud.

The firm has, in the past, been able to limit damage for its client companies by virtue of early detection. A combination of public and private sources is researched leading to credible trails.

The firm’s services are customized to mitigate all the following eventualities – 

• Employee fraud
• Business partner & vendor fraud

In delivering this service, TACT’s professional investigators undertake a host of measures, some of which are – 

• Background investigations
• Corporate & individual profiling
• Asset tracing
• Lifestyle mapping

 

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