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Good news regarding the suspected fraud of selling 5 containers of cashew nuts and black pepper to Dubai.

Good news regarding the suspected fraud of selling 5 containers of cashew nuts and black pepper to Dubai.

Four out of five containers of black pepper, cashew nuts, and cloves that were defrauded in Dubai have been recovered. The shipment of cloves is still at the port, and Vietnamese businesses are continuing to work with the bank.

On October 13, the Vietnamese Pepper and Spice Association released information about the recovery of four containers out of five that contained black pepper, cloves, and cashew nuts that had been defrauded in Dubai, UAE.

The information stated that on July 15, after receiving reports from several defrauded businesses, the Vietnamese Pepper and Spice Association, in collaboration with the Vietnamese Cashew Association and relevant parties, compiled information and reported the incident to the government authorities, relevant ministries, the Vietnamese Embassy in the UAE, and the UAE Embassy in Hanoi.

After nearly three months of cooperation and coordination between all parties, from October 10 to October 12, Ajman Bank (UAE) has refunded the money to the businesses, totaling $354,990.42 (approximately 8.3 billion VND) for four shipments, out of the total value of $355,232.

However, one shipment of cloves is still at the Jebel Ali port since July 26. The businesses are continuing to work with Ajman Bank, demanding that the bank cover all expenses.

The Situation

The Vietnamese Pepper and Spice Association has committed to providing updates on the situation.

Prior to this, Vietnamese businesses had entered into D/P (Documents Against Payment) contracts with customers in Dubai. Under this method, the importer must make payment through the bank designated by the exporter in order to receive the documents required for customs clearance.

Vietnamese banks sent the original documents via DHL to Ajman Bank. Ajman Bank’s staff confirmed the successful receipt of the five sets of documents. However, for reasons unknown, the original documents were no longer available at Ajman Bank. Vietnamese banks repeatedly requested Ajman Bank to make the payment.

The exporting company inspected the shipping company. After inspection, they discovered that all four containers had disappeared from the port.

Once the goods were taken from the port, the company ceased operations. Therefore, the businesses continuously urged Vietnamese banks to contact Ajman Bank to return the original documents and made inquiries through various means, including direct phone calls and email.

Translated from the source:

Báo Dân Việt (Vietnamese newspaper).

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