EY put out a piece in March 2021 entitled “How bribery, corruption or fraud issues can be deal-breakers in M&A”.  The piece states, among other things:

“Bribery, corruption or fraud issues can be deal-breakers and impact the valuation of a target company or jeopardize the buyer’s business plan for the target company. There are methods to mitigate these risks, including due diligence and inserting representations and warranties clauses in the deal agreement.”

Read the full piece here.