A local Italian energy player commissioned Background Italia to assess the overall standing of a Czech entrepreneur with interests throughout several European jurisdictions. The client was keen to understand the full extent of the subject’s sources of wealth prior to engaging in a business transaction with him.
After carrying out preliminary searches, the team laid out a research plan comprehensive of checks in a series of European and offshore jurisdictions, namely the British Virgin Islands, Cyprus, Czech Republic, Finland, the Netherlands and Switzerland. This, in order to establish the full picture of the interests held by the subject across the Globe.
Besides providing a clear picture of the corporate shareholding structure of the individual, research efforts culminated in the identification of several issues of potential concern in the tycoon’s home country. Not only the subject had been subject to an investigation, but three of his managers had been indicted of fraudulent activities amidst a hostile corporate takeover.