The real due diligence is their networks and reputations. If the people in charge say yes, then the paperwork will support whatever they said already.
This is a poster-child example for confirmation bias. You don't hear about all the DD that doesn't result in a fraudulent company being purchased.
But what we are uncovering is that DD is not the boss or the final decision maker.
People in power can arbitrarily choose to ignore DD.
That’s what we are seeing.
The real due diligence is their networks and reputations. If the people in charge say yes, then the paperwork will support whatever they said already.