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Diagram 8
Selling assets, an activity often associated with venture capitalists,
became difficult so pressure built to extract value from Wrekin by any
means possible e.g. the Sham Payments
Having effective internal controls at businesses such as Wrekin
Construction generally requires the owner’s active involvement and
oversight. The problem at Wrekin Construction was that it was the
owner, Unwin, who was committing the frauds.
