CEO and director banned for falsifying documents in bid to acquire bank and football club
Blue Horizon Asset Management Limited · asset management
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Document authenticity / direct pull
Direct verification of bond portfolio and ownership would reveal falsification
Can mislead when: The company can refuse consent, and a refusal is itself a flag. Some banks and co-op banks are not on AA yet.
Third-party confirmation
Bank verification of €200m portfolio would reveal false claims
Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.
Where Kubr services would have helped
Valuation context
Offered in India- Peer multiples and the exit-multiple bridge would have shown how much of the story relied on valuation holding.
Financial diligence
Offered in India- C5 Direct verification of bond portfolio and ownership would reveal falsification
IC note
Offered in India- C5 Direct verification of bond portfolio and ownership would reveal falsification
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.