Exporter Says It Didn't Know Docs Were Fake In $16.3M Row
Law360, London (April 3, 2019, 11:56 AM BST) -- A commodities exporter has denied submitting sham sales documents to fuel a trade scheme and pocket money from Deutsche Bank in London, saying it did not know the invoices contained falsehoods.
Global Trading Links Ltd. told the High Court in London last week that it did not intentionally insert misrepresentations into cargo lists showing that a vessel carried aluminum ingots and that it therefore believed the commercial invoices it submitted to Deutsche Bank in September were genuine.
GTL is being sued by Oversea-Chinese Banking Corp. for $16.3 million over allegedly fraudulent statements in documents submitted to get credit from the bank...
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