The most common scheme in Central Europe in the post-privatization era was transferring funds and property from high cash flow corporations to companies privately owned by the very same management.
Transfers were accomplished via huge loans that were issued without any expectation of repayment, via massive overpayment for outsourced services, or simply by selling a corporation's real estate for a fraction of its market price.
The main conditions enabling such a fraud is weak law against conflict of interests, non-existent legal liability of managers for leading their employer towards bankruptcy, and incompetence of financial authorities.
A typical example was the huge industrial complex Škoda Works in Plzeň, Czech Republic, which was tunneled by its top manager.
(iii) the 'tunnelers' agree to retract all of the knowing false claims and allegations—that they made against the original owner—thereby quashing all any 'convictions' or ongoing legal proceedings.