Ankura’s Expanding Global Fraud and Technical Accounting Capacities

As a managing director with the Chicago private equity firm Madison Dearborn Partners (MDP), Vahe A. Dombalagian oversees a portfolio that includes companies such as EVO Payments and Benefytt Technologies. Among the enterprises Vahe A. Dombalagian currently helps manage is Ankura, a global expert services and business advisory firm.

The firm’s services were bolstered in late 2020 by the addition of a London-based senior managing director working in forensic investigations. These require extensive global accounting knowledge and involve a combination of data analytics and forensic technology in conducting regulatory, technical accounting, and financial reporting investigations.

Among the issues that fall under this heading are procurement compliance and fraudulent contracts, as well as areas of systemic risk ranging from bribery and corruption to Ponzi schemes. The addition of a new leader in this area was described as essential to Ankura’s core mission of ensuring that clients managing global enterprises are able to identify and curtail fraud, while ensuring that the highest level of ethical and operational standards are met.

The goals of Ankura’s investigations extend beyond risk mitigation and compliance, and include recovering substantial amounts of money that have already been lost to fraud.

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