India Conducts Raids in USD 6.7 Billion LC Fraud Case

India’s Enforcement Directorate government agency has conducted a fresh set of searches against promoters and entities connected to Bhushan Steel Limited (BSL) as part of a money laundering probe related to an alleged INR 56,000 crore (USD 6.7 billion) bank fraud case.

Read the full story

Sign up now to read the full story and get access to all posts for DCW - Individual Access, DCW - Site Access and DCW - Global Organizational Access tiers only.

Already have an account? Sign in

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Documentary Credit World.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.