The case study presentation illustrated how kickbacks, bid-ridding and other schemes thrive in China. The key issues covered were: the consequences of weak internal controls, poor hotline management and limited due diligence, as well as the ins and outs of investigating fraud and kickbacks in China and the best compliance practices in China.
The presentation focused on a Western multinational manufacturing company who acquired a Chinese company and decided to allow key members of the prior management and ownership teams to manage procurement due to their expertise and experience in that region.