booking of foreign exchange forward contract
worth 100 million USD on LC/SBLC basis. A request was
also made by P.E.Lyngdoh ... gold from MKS Finance/NCMI on Usance LC/ Stand Bye
LC (SBLC) for delivery period up to 30.04.2012 as per
agreement dated
accused vide his letter dated 15.04.2008 requested DGM, MMTC to
open SBLC in Bank of India to open SBLC for this transaction,
although
petitioner for
carrying out the following transactions:-
"a) Issuance of SBLC by IndusInd Bank for an amount of
USD 59.575 million.;
b) Issuance
recommended loan of Rs 50 cr
and vide lr no 572 recommended SBLC of
Rs 100 cr.
(ii) CO conveyed sanction of all 3 loans
recommended loan of Rs 50 cr
and vide lr no 572 recommended SBLC of
Rs 100 cr.
(ii) CO conveyed sanction of all 3 loans
petitioner for carrying out the following transactions:-
"a) Issuance of SBLC by IndusInd Bank for an amount of USD
59.575 milliom;
b) Issuance
Branch and the
credit facilities were backed by Standby Letter of Credit (SBLC) availed by
parent company i.e. MTPL from State Bank of India
