July 24, 2020
We have been informed by the High Commission of India in Kuala Lumpur,Malaysia that they have been noticing a steady increase in cases of trade fraud/cheating at the hands of unscrupulous elements in Malaysia, especially pertaining to import of rubber gloves and face masks. In their effort to look for genuine business proposition to meet the local surging and urgent requirement for gloves and medical equipment in view of the Covid-19 pandemic, some Indian traders/buyers have fallen prey to such fraudulent offers, often proffered by middlemen/trading companies claiming to be representatives of larger manufacturers in Malaysia or at times even other countries.
From the interactions of the High Commission with reputable Malaysian manufacturers of glove, it is learnt that most of them have already taken bookings for rubber gloves till next year. Some of them have kept reserve capacity to cater to spot demands as well, though with some premium over the regular price. As such, genuine companies on the internet claiming to supply rubber gloves are far and between.
It has been therefore suggested by Indian Mission to advise potential Indian buyers/importers to ensure due diligence by undertaking proper background checks about the potential Malaysian business concern, avoid making advance payments, utilise options such as LC etc. before committing themselves to the business transaction. Members may also like to see trade advisory(under Trade & Commerce) on the High Commission’s website (www.hcikl.gov.in) issued in this regard. Further for any trade query, you may also write at email@example.com and firstname.lastname@example.org
Dr. Ajay Sahai