A Gryphon client with a significant investment in an electronics manufacturer in India suspected the Indian firm was fabricating local revenues. We conducted surveillance of the company’s purported sales center and discreet interviews with suppliers.
Gryphon’s on-the-ground field work at the company’s sales and expo center demonstrated that photos the company had provided in its reports were fabricated; in fact, its sales center was still under construction. Interviews with third-party suppliers and former staff revealed the company’s India-based revenues were far lower than it had been reporting.
As a result of our investigation, our client was able to bring a claim against the company.