Banks allege duplicate bills of lading went to several financiers
Agritrade International Pte Ltd · Commodity trading (coal, metals)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Collateral & double pledge
Would have flagged the same bills of lading sitting with several banks.
Can mislead when: Pledges made off the registries stay invisible, and vague invoice descriptions are hard to match.
Document authenticity / direct pull
Would have obtained audited accounts directly from the auditor.
Can mislead when: The company can refuse consent, and a refusal is itself a flag. Some banks and co-op banks are not on AA yet.
Third-party confirmation
Would have confirmed lending totals with the other banks.
Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.
Regulatory & litigation records
Would have shown the growing number of lenders and claims.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Verified Snapshot
Offered in India- C8 Would have shown the growing number of lenders and claims.
- C13 Would have flagged the same bills of lading sitting with several banks.
Legal diligence support
Offered in India- C8 Would have shown the growing number of lenders and claims.
- C13 Would have flagged the same bills of lading sitting with several banks.
IC note
Offered in India- C5 Would have obtained audited accounts directly from the auditor.
- C8 Would have shown the growing number of lenders and claims.
Rating history
Offered in India- C8 Would have shown the growing number of lenders and claims.
- C13 Would have flagged the same bills of lading sitting with several banks.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.