South America

  • Background

    A hedge fund considering an investment in a South American forestry project was uncertain of the background and credibility of their potential partner who would serve as the local land broker and concession manager.

  • Action

    Veracity conducted wide ranging research, including inquiries with individuals in a range of jurisdictions including China, South Africa, and DRC. Research uncovered claims of fraud on past projects and concerns over potential unethical practices.

  • Result

    Veracity’s comprehensive due diligence raised significant FCPA and reputational concerns allowing the investor to pursue alternative investments in line with its risk tolerance.