• Skip to main content
  • Skip to footer

FRA

Forensic Risk Alliance

  • About FRA
    • What We Do
    • Who We Are
    • International Expertise
    • Corporate Social Responsibility
  • Expertise
    • Forensic Accounting
    • Investigations
    • Corporate Compliance Monitorships
    • Disputes and Arbitration
    • Data Governance, Technology Solutions and Forensics
    • Technology Solutions
    • Digital Forensics
    • Data Analytics
    • Accounting, Audit and Regulatory Advisory
    • eDiscovery Consulting
    • Disgorgement, Gain and Ability to Pay Calculations
    • Compliance and Risk Assessment
    • Restructuring & Insolvency
    • AML and Sanctions
    • Mobile Discovery Solution
    • Securities Litigation
  • Results
    • A History of Success
    • Case Studies
    • Sectors We Serve
  • News and Insights
  • FRA Pulse
  • Careers
  • Contact

Case Study

Nordic Telecommunications Company

Case Studies

Airbus International Not-for-Profit Organization European Bank Middle-East Telecommunications Company Multinational Oil and Gas Extraction Company Multinational Life Sciences Company Global Technical Consulting Firm International Event and Talent Management Company Deminor Recovery Services/Olympus Technip Rolls-Royce Bank Leumi Class-action Lawsuit challenging Solitary Confinement in US Prisons Nordic Telecommunications Company Multinational Insurance Firm Multinational Transport Engineering Company International Mining Company

Challenge

FRA was instructed by Telia Company (market cap: over $17 billion) and its counsel in the UK, the US, the Nordics and Holland to provide forensic accounting and eDiscovery consulting services in the investigation of the Scandinavian telecoms company. The company was alleged to have made improper payments to secure licenses in Eurasia. FRA was subsequently engaged to advise Telia during the settlement and disgorgement case with US, Dutch and Swedish authorities.

Action

Initially, FRA assisted external counsel to review historic Eurasian investment activities and report to the Corporate Board. However, to comply with emerging demands from various enforcement agencies, FRA was instructed to collect, preserve and lock down structured and unstructured data held locally in Eurasia and in other related jurisdictions. To comply with local national security laws, data could not be removed from the Eurasia region. We acted quickly to deploy a Mobile Discovery Solution on an enhanced laptop that could be delivered rapidly via hand carry luggage. Despite its small footprint, our Mobile Discovery Solution provided impressive processing rates.

This highly sensitive exercise required FRA to send numerous data experts to Eurasia over a period of twelve months. We customized a workflow involving a sophisticated culling process, applying our experience of the telecommunications industry and data governance to manage massive volumes of data without contravening state secrecy laws.

Solution

FRA was able to process and filter the data to satisfy international enforcement agency demands while still complying with all local national security laws. In addition, FRA amalgamated structured financial data from multiple jurisdictions and entities to support granular forensic accounting transaction enquiries. As in many FRA client engagements, we were able to deploy bespoke solutions in native languages.

Instructing lawyers requested that FRA continue to assist the investigation, culminating in groundbreaking negotiations over financial penalties ($965 million) and disgorgement ($457 million) with regulators in the US and the Netherlands.

London

Audrey House
16-20 Ely Place
London EC1N 6SN
United Kingdom
+44 (0)20 7831 9110

Washington, DC

2550 M Street NW
Washington, DC 20037
United States
+1 (202) 627-6580

Providence, RI

40 Westminster St.
Suite 500
Providence, RI 02903
United States
+1 (401) 289-0866

Dallas, TX

One Cowboys Way
Suite 470
Frisco, Texas 75034
United States
+1 (469) 604-0925

Paris

44, avenue George V
75008 Paris
France
+33 1 74 88 05 40

Canada

20 Place du Commerce
Nuns’ Island
Montreal, Quebec H3E 1Z6
Canada
+1 (401) 289-0866

New York City, NY

434 W. 33rd Street
Penthouse
New York, NY 10001
United States
+1 (646) 921-1865

Philadelphia, PA

727 Norristown Road
Building 8 Spring House
Innovation Park, Suite 206, Lower Gwynedd, PA 19002
United States
+1 (267) 405-9302

Helsinki

Postitalo Spaces
Mannerheiminaukio 1A
Helsinki 00100
Finland
+358 45 162 8411

Stockholm

7A Centralen
Vasagatan 7
111 20 Stockholm
Sweden
+44 (0)7747 790232

Zurich Office/Datacenter

Richtistrasse 7
8304 Wallisellen
Switzerland
+41 79 755 4893
  • Privacy
  • Legal
  • Cookies
  • Modern Slavery Statement
  • Sitemap
  • Contact
  • LinkedIn
  • Twitter
© 2021 The FRA group in the UK comprises Forensic Risk Alliance Limited (number 3895636) and FRA Solutions Limited (5863958). Both are limited companies registered in England & Wales, and have their registered office at 3rd Floor, Audrey House, 16-20 Ely Place, London EC1N 6SN. The term partner is used to denote senior employees of the limited companies. All rights reserved.