India warns traders against deals with Yiwu

Last Updated: Monday, May 21, 2012 - 20:26

Beijing: A Sino-India row over two Indian traders` prosecution deepened on Monday with New Delhi issuing a second advisory warning Indian businessmen against trading with Yiwu, China`s biggest commodity market hub, cautioning that they could be drawn into a lengthy and questionable judicial process.

The second advisory, following up on the one issued in January this year, came as yet another case was "foisted" against the Indian traders -- Shyam Sunder Agrawal and Deepak Raheja -- just as the previous case was drawing to a close.
The case of Agrawal and Raheja came to light when they were illegally detained in Yiwu by local traders and tortured in December last year after their company headed by a Yemenese national failed to pay for the supplies bought.

While the Yemenese national and his Indian associate fled, the two, who claim to be their employees, were caught and forcibly detained. They were subsequently released from the traders` custody after the Indian diplomatic intervention and brought to Shanghai for safety.
PTI



First Published: Monday, May 21, 2012 - 20:26

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