Wells Fargo’s SBLC unit found that none of the companies named in the request — applicant Aerocom UK, beneficiary KPH Dream Cricket, warrantor NVD Solar — were on the bank’s customer rolls.
The Indian Premier League, with its showpiece auctions and big-ticket sponsors, has surfaced on the US financial regulator’s radar too — in a web of transactions that involve a leading US bank, a little-known UK company, a Kolkata-based sponsor of an IPL team, and allegations of fraud and forgery.
These are the central elements of a Suspicious Activity Report (SAR) filed with the US Financial Crimes Enforcement Network (FinCEN),…
