FBI Expands Global Hunt for Cross-Border Financial Fraud Linked to Indian-Origin Entities

The most recent attempt by the FBI to go after financial fraudsters across international borders highlights the point that financial crimes in today’s world transcend geographical boundaries. Financial crimes might involve solicitation of money in one country, transfer of money through another country, conversion of the same into cryptocurrency in yet another country, and the final withdrawal from bank accounts located in several different jurisdictions. This is especially relevant in the context of India, in light of FBI placing Manjit Singh Bedi, who was born in India, in their list of Most Wanted Fraudsters. The FBI accuses Bedi of being [...]