https://www.taxtmi.com/news?id=40792 An extradition request by Indian agencies led to the arrest in Belgium of an alleged participant in a cross-border loan-fraud probe involving misuse of Letters of Undertaking and foreign letters of credit; extradition proceedings and related paperwork are underway while the detainee may seek bail on health grounds. Investigators have filed multiple chargesheets and prosecution complaints and have attached and authorised monetisation of assets as part of parallel financial-recovery measures. en-us Mon, 14 Apr 2025 09:16:04 +0530 Mon, 14 Apr 2025 09:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40792 An extradition request by Indian agencies led to the arrest in Belgium of an alleged participant in a cross-border loan-fraud probe involving misuse of Letters of Undertaking and foreign letters of credit; extradition proceedings and related paperwork are underway while the detainee may seek bail on health grounds. Investigators have filed multiple chargesheets and prosecution complaints and have attached and authorised monetisation of assets as part of parallel financial-recovery measures. News - Mon, 14 Apr 2025 09:16:04 +0530 https://www.taxtmi.com/news?id=40792