Indonesian bank pursues US bank records in $75M UAE fraud case

PT. Bank Woori Saudara Indonesia has requested US bank records tied to UAE litigation alleging a $75M fraud involving Indian businessman Bilal Merchant.

Indonesian bank targets US records in alleged $75 million UAE fraud

PT. Bank Woori Saudara Indonesia 1906, Tbk has filed a request for bank records held in the United States, according to offshorealert.com, as part of litigation ongoing in the United Arab Emirates.

The case centres on an alleged $75 million fraud. Named parties include UAE-based Indian businessman Bilal Merchant and Indonesian firm PT Bara Daya Energi, among others.

The US records request is a procedural step to support the UAE proceedings, with the Indonesian bank seeking documentary evidence held outside both jurisdictions.

Source: Google News UAE — Courts & Fraud