DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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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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Indian Officials Attach Further Assets in Fraud Case
As investigations by India’s Directorate of Enforcement (ED) into an alleged INR 1,438 crore (USD 156 million) money
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Bangladesh Officials Bring in Jailed Businessman for Interrogation
Further to previous DCW reporting, an imprisoned Bangladesh businessman and former lawmaker was brought to Bangladesh’s Anti-Corruption Commission
DCW Scam Survey
Investigators Secure Partial Recovery for Scammed Indian Banks
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of
DCW Scam Survey
UK Company behind Advance Fee Scam Shut Down
A company which received USD 231,000 from a client but failed to deliver on its promise to arrange a