DCW Monthly: September 2025
From London to New Delhi to New York, this issue brings together the latest laws, rulings, and rule-set debates in
From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters of undertaking from Punjab National Bank (PNB), resulting in losses of more than INR 6,097.63 crore (USD 720 million). ICICI Bank also suffered substantial losses attributed to loans on which Choksi defaulted.
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