Financial Institutions are often faced with mounting “bad loans” or non-performing loans (NPL’s). When the process of recovery begins, non-paying borrowers will screen their tangible assets in extremely clever ways in the form of overseas banking accounts, cash at bank, stocks and shares, assets such as art objects, property, jewelry and the use of nominees which is a popular and proven method.
At best, these institutions are only able to recover a limited amount which is minuscule to the borrowed amount. Without the right expertise, recovery becomes a time consuming exercise and is extremely expensive. To salvage this situation, we recommend Clients to commission a detailed Asset Trace exercise. This will enable financial institutions to recover monies effectively. Having successfully developed proven creative techniques with a wide network of experts at our disposal, we could easily produce the evidence for clients to recover monies and assets that would otherwise be written off.