DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
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India’s Central Bureau of Investigation (CBI) has arrested a man declared a “proclaimed offender” by an Indian special court in 2023 for his alleged role in an INR 21 crore (USD 2.5 million) loan fraud involving Bank of Baroda and Standard Chartered Bank.
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Chief Compliance Officer of Fake Bank Pleads Guilty
A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10
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Singapore Citizen Implicated in Fraudulent Timber Import Deal
A 67-year-old Singapore citizen was arrested in India on 22 April 2025 for his alleged involvement in a timber import
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Woori Bank Subsidiary Investigating Confirmed Fraud Allegations
Following Woori Bank’s publication of a financial incident disclosure that its subsidiary in Indonesia has confirmed fraud allegations involving
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Choksi Arrested, but Extradition to India on Hold
Following a request from India for Mehul Choksi’s extradition, Belgium arrested the fugitive former diamond trader on 12 April