# UP traders seek regulator for cross-border fraud and payment disputes 2026-08-15T02:41:28+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Traders in Uttar Pradesh have sought a dedicated regulatory body to handle foreign-trade fraud, payment defaults and cross-border commercial disputes. The demand follows losses blamed on overseas buyers, including a Kanpur trader’s claim of losing more than Rs 25 lakh to a Bangladesh-based client. Traders also cited container theft at ports and payments held up in foreign banks. The Hindu reports that traders want offices in major exporting states, with links to embassies, lawyers, police and intelligence agencies. A Uttar Pradesh police officer backed a two-way system that could also help foreign companies pursue serious disputes involving Indian businesses. Traders currently rely mainly on ECGC cover and letters of credit, but say recoveries can remain incomplete when buyers disappear. ## Coverage - thehindu.com Tags: Bangladesh, ECGC, Kanpur, Ministry of External Affairs, Uttar Pradesh Canonical: https://indianopinion.org/up-traders-seek-regulator-for-cross-border-fraud-and-payment-disputes/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/up-traders-seek-regulator-for-cross-border-fraud-and-payment-disputes/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.