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United Global Case

UNITED GLOBAL CASE SUMMARY

PERSON NAME: MOHAMMAD TARIQ JAMAL (AKA JIMMY JAMAL)

  • INSTRUMENT TYPE: SBLC – MT 760
  • ISSUED ON JUNE 2, 2021 ECOCTZTZXXX – BOMLAEADXXX (ECOBANK TANZANIA TO MASHREQ BANK AS MT 760
  • RELAYED BY RELAYED BY MASHREQ BANK PSC TO INDUSIND BANK LIMITED (BOMLAEADFTC- INDBINBBBOA) ON: JUNE 10, 2021
  • MASHREQ BANK RELAYED AS MT799 WHICH IS A NORMAL BANKING PRACTICE IN CASE THE RELAYER PREFERS TO RELAY AS MT 799. HOWEVER, IT IS CLEARLY MENTIONED BY MASHREQ THE FOLLOWING: F79: NARRATIVE ATTN LC DEPT. WE RECIVED MT760 FROM ECOCTZTZXXX WE RELAY THE SAME TO YOUR GOOD BANK WITHOUT RISK RESPONSIBILITY ON MASHREQ BANK DUBAI.
  • BENEFICIARY BANK (INDUSIND BANK, INDIA) ADVISED THE INSTRUMENT ACCORDINGLY TO THE BENEFICIARY KPRN IMPEX ON JUNE 23, 2021

What was the issue for the client?

Beneficiary tried to take a loan against the sblc but failed to so.  Since, he could not perform in the transaction they have made unsupported claims against our sblc and pinned it as the cause of the failure of transaction. Intention was never to do any trade but to take a false loan showing fake transaction.

Purpose to Defame

We did our responsibility to issue and make sure it reached beneficiary bank. Client knows it was advised to beneficiary bank. Also client claims we as company issued fake instrument (which is not possible) but secondly tried to threat with online defamation if we don’t issue a new instrument they will defame us online and extort from us. Now he purposely keep doing such activity which our team has decided to take a legal action against him in us courts which will be processed by our us lawyers.

If client online everywhere keep claiming our instrument is fake why they are threating us for new issuance at first stage and then defaming us for second one? They sent our legal notice and we have given our reply as well which is also available below, but they persued any legal action because they are doing all to defame and extortion purpose only.

Below is their email with does not match with their words online:

Click Here to view advised copy by IndusInd Bank

Rest we believe public is the judge to decide this matter, a person who is yelling and trying to defame us does not mean it is the truth and they will never show you any actual or factual documents to prove their points but end of the day but only long stories.

Attachments:

  1. Advised copy by IndusInd Bank
  2. Reply Notice by Yield4 Managment FZC