Beware of the big financial fraud in India. Recently a company has been made victim of a fake SBLC . The intermediary - Mittal Dedhia issued an SBLC of Rs 10 million euro from UBS. The company in good faith paid her Rs 11 lakhs through banking channel and asked her to discount the SBLC with the bank. Once she received the money she kept giving excuses that the bank is not willing to discount the SBLC. Upon probinng the matter the banks informed the customer that the SBLC does not seem genuine and they are not able to track the funds from the bank. Upon further investigation the banks learned that the SBLC is fake and that the email received from the CFO is not genuine. On further investigation the company has learned that Mittal Dedhia is a fianancial fraudster and she has been harassing a lot of customers in the past and worngfully taken money from many many companies. The company is planning to take legal action and file a civil recovery suit. www.24x7liveindia.com would like to inform the viewers that such cases of fiancial frauds are increasing and fraudsters like Mittal Dedhia are cheating customers with fake financial instruments. The increasing cases of frauds are getting tracked at this portal and www.24x7liveindia.com will give you more updates regarding the same