I opened the blue cover to the first flagged page, where a spreadsheet of international wire transfers was printed in neat black rows.

“Marcus is very thorough,” I said, pointing to the top line.

Richard did not move, but his fingers tightened around his silenced phone.

“During the restructuring of Carter Holdings, Daniel declared the logistics division insolvent,” I said.

I turned the page, showing a list of transactions dated during the height of the bankruptcy filings.

“But the assets didn’t vanish, Richard.”

I looked up at his face, watching for any change in his expression.

His eyes remained fixed on the document, his jaw set.

“They were sold to an entity called Albatross Maritime,” I said.

“A standard liquidation,” Richard said, his voice flat.

“Except Albatross Maritime is registered in the Seychelles,” I replied.

I turned to the third tabbed section of the report.

“And the sole signatory for the holding company that owns Albatross is a nominee director working for an offshore bank in Zurich.”

Richard let out a soft, dry laugh.

“You have found a common corporate structure, Emily,” he said. “This proves nothing about Daniel, and certainly nothing about me.”