India

Auditors Found Guilty of Failing to Detect LC Fraud

The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found that two auditors of an Indian

Investigators Secure Partial Recovery for Scammed Indian Banks

Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of

Tata Steel Completes Its First Use of eB/L

Tata Steel has announced execution of its first import shipment using an electronic bill of lading. According to a 11

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

India Takes Important Step toward New Bills of Lading Law

After some 169 years, India is on the cusp of having a new law for bills of lading.

Indian Cases: Often Misunderstood and Misreported

Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to

Indian Importer, Officials Booked for Cheating Tied to LC

A Chennai-based importer, its director, and six former officials of a company operating under the Indian government’s Ministry

“Proclaimed Offender” Accused of Forging LC Arrested

India’s Central Bureau of Investigation (CBI) has arrested a man declared a “proclaimed offender” by an Indian special court

Indian Firm Using LCs, Accused of Cheating Bank

India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm

Ninety-Six Year Old, Two Others Sentenced in 1995 Fraud Case in India

India’s CBI Initiates Probe of Swastic Coppers

Nimbus Communications Subject of CBI Fraud Case