Diana Vatfa
Manager
Diana Vatfa is a Manager at Perun Consultants.
Diana specialises in fraud investigations, disputes, and complex financial analysis. She has over 6 years’ experience advising on contentious and investigative matters, having worked across Big Four and leading forensic advisory practices.
Diana has been involved in a wide range of dispute-related engagements, including the quantification of losses and lost profits in M&A disputes, shareholder disputes, sanctions-related claims, and project terminations. Her experience includes cash flow tracing, damage quantification, valuation analysis, and the assessment of financial misconduct across industries such as energy, chemicals, manufacturing, transport, and construction.
In addition to disputes, Diana has extensive experience in forensic investigations involving procurement fraud, financial misreporting, management misconduct, and complex fraudulent schemes, as well as compliance and integrity reviews, forensic due diligence, and regulatory audits across the CIS and Europe.
Representative engagements
Estimation of losses caused by the fraudulent activities and money laundering committed by the management of a car building plant in the CIS. The scope included cash flow tracing, comprehensive analysis of the purchased equipment cost, analysis of various types of data aimed at detecting signs of fraud.
Calculation of lost profits due to incorrect share valuation in a chemical company M&A deal. The scope included analysis of the deadlines and budget of the acquired company's core construction project, corresponding revaluation of shares and assessment of lost profits. Additionally, analysis of the contractor's financial position for signs of bankruptcy and analysis of contractor selection process were performed.
Valuation of share price adjustments due to non-market leases relating to scrap metal companies. The project included valuation of companies, marketability analysis of lease agreements and subsequent adjustment of the estimated shares price.
Calculation for a chemical company of direct damage associated with the forced replacement transaction and lost profit associated with the forced suspension of production due to raw material non-delivery from sanctions.
Estimation and confirmation of expenses on a terminated European energy project for the purpose of their subsequent recovery. The scope included structuring and reconciling of accounting and management data, estimating project-related costs, preparing a sample for further detailed analysis, collecting and compiling sets of supporting documents, preparing summary tables based on the analysis performed.
Quantification of the financial and operational impact of the stakeholder’s disrepute on corporate performance relating to a transport company.
Forensic investigation regarding 12 oil and gas companies including procurement processes, calculating of damages from mismanagement and fraudulent activities (manipulation in supplier selection, limiting competition, transactions with no apparent business or economic purpose).
Forensic investigation related to financial misreporting and manipulation in pricing executed by the management of a printing company.
Forensic investigation related to pricing and cost accounting, calculating of damages from management misconduct at a metal structures manufacturer.
Forensic investigation and damage quantification related to fraudulent schemes with promissory notes executed by the management of an aircraft component manufacturer.
Comprehensive forensic accounting investigation leading to management overhaul and organisational restructuring of a lifting equipment manufacturer.
Series of forensic investigation projects regarding construction companies related to overstatement of the construction costs and cashing-out schemes.
Series of compliance audit projects regarding a CIS oil company related to subcontractor compensation calculations and payments thereto due to COVID downtime and workers’ strike.
Forensic financial and operational integrity review of 2 CIS oil fields identifying optimisation opportunities for staffing and management structures.
Media audit of TV advertising deal regarding a pharmaceutical company.
Compliance audit related to sponsorship costs regarding a pharmaceutical company.
Audit for compliance with the terms of the donor organisation agreement regarding the Ukrainian branch of a socially-oriented community organisation,
Forensic due diligence and compliance audit of 8 CIS-based companies in the archival industry.
Professional qualifications and associations
Moscow State University, Faculty of Mechanics and Mathematics, Master’s degree
Languages
English
Russian
