July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
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Six owners and associates of Prizam Alliance Pvt Ltd. of Surat, India, are under investigation by the Economic Crime Prevention Branch of Ahmedabad, India, for allegedly cheating an Ahmedabad-based pharmaceutical raw material trader of more than INR 8.54 crore (USD 968,000) through a bogus letter of credit and a fabricated demat account portfolio. Demat, short for dematerialization, is the process of converting physical security certificates into electronic form.
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