Join us next week for a free webinar hosted by the Association of Trade Finance Compliance Professionals, exploring recent court
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.
A Chennai-based importer, its director, and six former officials of a company operating under the Indian government’s Ministry of
After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed
In the second instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell considers the problems contributing to chronically high discrepancy rates and offers viable solutions.
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
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