DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
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As investigations by India’s Directorate of Enforcement (ED) into an alleged INR 1,438 crore (USD 156 million) money laundering scheme continue, findings from a forensic audit of six years ago exposed several irregularities in transactions involving the accused private trading firm.
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