DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
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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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DCW Scam Survey
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