India

“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 and

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

Former Steel Executive Accused of Fraudulently Obtaining LCs

Indian Law Enforcement Conducts Coordinated Raids in Connection with Bank Fraud Case

Indian Corporate First to Use SWIFT India’s e-Bank Guarantee Platform

Natural gas company GAIL Limited, in coordination with Axis Bank, has announced it is the first Indian corporate to go

Seeing Red: India’s CBI Objects to Interpol Withdrawal of Notice against Choksi

Mehul Choksi’s name has been removed from Interpol’s database of “Red Corner Notices” (Red Notices).

Former Bank Official and Couple Convicted in Fraud Trial in India

The former Assistant General Manager of Dena Bank and a husband and wife have been convicted of fraud involving a forged letter of credit.

Indian High Court Reverses Order, Denies Injunction

In Wellington Cantonment Board v. Gharpure Engineering & Constructions, the Madras High Court (India) set aside a District Judge order

Indian Bureau Files Charges in Case of Alleged LC Fraud