India

India Imposes Additional Measures to Detect Improper LC Documents

In a move to curb use of ante-dated LC documentation to circumvent Indian law banning wheat exports, India’s Directorate

New Charges Against Mehul Choksi

Report: Russia Seeks Reversion to Paper LCs with India

As an alternative to use of SWIFT for the sending of letters of credit, the Bank of Russia and Reserve

India Abruptly Imposes Wheat Export Ban

Reversing course from a previous statement, the Indian government announced it is banning wheat exports. Only wheat exports backed by

Indian Businessman Suspected in USD 25 Million Bank Fraud Case

Asia Traders Ready, Willing, Unable to Buy Russian Coal

Citing an inability to find an appropriate payment arrangement, would-be purchasers of discounted Russian thermal coal based in Asia have

India Enforcement Directorate Attaches Assets in Bank Fraud Case

India: Arbitration appeal dismissed in ARSS-SIPS v. Union of India

The High Court of Chhattisgarh, Bilaspur, has dismissed an arbitration appeal against a commercial court order, rejecting an application to enjoin payment of a performance bank guarantee.

CBI Registers Case against Bank Employee and Others Accused of Fraud