First, police raided the Beijing office of US due diligence group Mintz in March. Weeks later, there was a similar visit to the Shanghai premises of Bain, the blue-chip US consultancy. Police have also visited one of the China offices of expert network Capvision, according to at least four people familiar with the matter, as part of an emerging number of raids on international consultancies operating in the world’s second-largest economy...
While Bain is known for its management consulting work, the incidents at Mintz and Capvision — a network whose members are available for chats with clients about an industry they have worked in — have thrown the spotlight on the world of corporate investigations in China, which also includes companies such as Control Risks, Kroll, FTI and Blackpeak... Even in ordinary times, due diligence is inherently risky in China. more
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One person prevented from leaving China this year is a Singaporean executive at the US due-diligence firm Mintz Group, after a raid in March that led to its Beijing office being shut down, according to three people familiar with the matter. The company, the executive and China’s Public Security Bureau did not respond to requests for comment. more
