Latest news with #BankGuarantees
Hans India
10-05-2025
- Business
- Hans India
CBI files FIR over Rs 184 crore bogus bank guarantees given to MP govt agency
New Delhi: The CBI has registered a case involving an engineering company which alleged being cheated to the tune of Rs 184 crore purportedly by way of issue of bogus bank guarantees by a bank in West Bengal. The bogus bank guarantees were deposited with Madhya Pradesh Jal Nigam in Indore. The Nigam detected that the bank guarantees were bogus and issued a show-cause notice to the company, Teerth Gopicon. The federal probe agency said in a FIR registered on Saturday that it has begun a probe to investigate alleged offences like criminal conspiracy, cheating, forgery of valuable security, forgery for the purpose of cheating and using forged documents knowing it to be forged. The case was filed on the direction of the High Court. While directing CBI to conduct an inquiry, the Jabalpur bench of High Court of Madhya Pradesh said: "As stated by counsel for the petitioner that he made complaint to the Police Station Raoji Bazar, Indore (MP) in matter of Bank Guarantees issued by PNB Branch Baguihati (North 24 Parganas) West Bengal, dated March 20, 2023." 'Parties belong to the state and fraud is alleged to be committed partly in some other State, therefore, we hereby forward the case to the Head of Office of CBI at Bhopal to look into and investigate the case whether the petitioner has been actually cheated by a third party or petitioner cheated the respondent,' said the High Court. Teerth Gopicon is an engineering construction and development company registered with Madhya Pradesh Jal Nigam Maryadit (MPJNM), a state-owned entity responsible for water supply and sewerage in Madhya Pradesh. The company told the court that the Bank Guarantees were procured through persons claiming themselves to be officials of Bank and assured it of easy and early arrangement of the financial instrument needed while apply for a government contract. 'Being lured by the said assurance, the petitioner applied for the BG's and got the alleged non-authentic BG's, which the petitioner duly submitted to the respondent along with the covering letter,' said counsel for the company. The CBI's preliminary report filed before the registration of the FIR said, 'In compliance to order of Hon'ble High Court, a regular case vide No. RC0082025S0010 is registered under section 120-B read with 420, 467, 468 and 471 IPC and investigation thereof is entrusted to… CBI, ACВ, Bhopal.'
Time Business News
07-05-2025
- Business
- Time Business News
GTFSolutions Introduces Permanent Take-Out Financing Support for Brokers and Agents Across Global Markets
TORONTO, CANADA — GTFSolutions, a trusted provider of private financial instruments and structured funding solutions, is proud to announce the launch of its Permanent Take-Out Financing Program. This powerful tool assists brokers and agents in assisting clients in transitioning from short-term or bridge loans to long-term debt solutions. In today's volatile lending environment, many projects stall after construction or initial development due to a lack of exit financing. GTFS aims to solve this critical gap by helping financial professionals secure permanent, long-term debt refinancing solutions, backed by institutional funding sources and enhanced by credit instruments such as Standby Letters of Credit (SBLCS), Bank Guarantees (BGS), and Conditional Approval Letters. What Is Permanent Take-Out Financing? Permanent Take-Out Financing is a long-term loan that replaces short-term or interim financing, such as bridge loans or construction debt. Typically used after project completion or stabilization, take-out financing allows borrowers to: Lock in lower interest rates Extend repayment terms (10–30 years) Exit high-cost short-term facilities Unlock additional equity for expansion Increase project value through stabilized capitalization This type of financing is critical for commercial real estate, infrastructure, energy development, industrial facilities, and other capital-intensive projects. GTFS: Partnering with Brokers to Close the Loop 'Most brokers can secure short-term construction or bridge capital for their clients, but when transitioning into long-term take-out financing, they often hit a wall,' said Willard Dunne, Head of Operations at GTFSolutions. 'We're here to fill that void — and help brokers look like heroes in the process.' GTFS provides brokers with structured support for permanent financing by coordinating with international banks, private lenders, and institutional funds. This allows for tailored loan products that suit a wide range of sectors, including: Commercial real estate and mixed-use developments Renewable energy and power plant projects Port, airport, and transportation infrastructure Healthcare and educational facilities Hotel and resort construction Large-scale residential projects Case Study: From Bridge Loan to $35 Million Take-Out Facility In early 2025, a broker representing a property development firm in British Columbia approached GTFS. Their client had completed a $28 million residential tower using a short-term construction facility but could not refinance due to the bank's tightening credit terms. GTFS reviewed the project, verified revenue streams, and arranged a $35 million take-out facility from a European institutional lender, using a 12-month SBLC as credit enhancement. This allowed the client to pay off the high-interest bridge loan, free up $3.5 million in equity, and begin a second development phase. 'The take-out financing from GTFS was a game-changer,' said the broker. 'It gave our client breathing room — and gave us credibility with the lender and the investor group.' Key Features of GTFS Take-Out Financing GTFS's approach to take-out lending is uniquely structured around risk mitigation and client success. Key program benefits include: Loan amounts from $5 million to USD 250 million from $5 million to USD 250 million Terms ranging from 10 to 30 years, amortized ranging from 10 to 30 years, amortized Fixed or variable interest options Loan-to-value ratios up to 80% (depending on jurisdiction) up to 80% (depending on jurisdiction) Integration with credit instruments like SBLCS, BGS, and Conditional Approval Letters like SBLCS, BGS, and Conditional Approval Letters Available globally across North America, Latin America, Europe, the Caribbean, Asia, and the Middle East Each financing package is custom-built for the project, with flexibility in collateral structures, repayment schedules, and jurisdictional considerations. Broker Support and Participation GTFS provides white-label, back-end support for brokers, ensuring they retain the client relationship while accessing global capital markets through GTFS's network. Services include: Loan structuring and feasibility reviews Preparation of funding memoranda Lender matching and underwriting assistance Credit enhancement advisory (e.g., SBLC, Proof of Funds) Broker commission plans and co-branding options 'This isn't a cookie-cutter lending desk,' said Emily Johnson, Senior Credit Analyst at GTFS. 'We work directly with brokers to build solutions that make sense. Our job is to help them close — and get paid.' Who Should Apply? GTFS encourages applications from brokers and agents working on behalf of: Clients with completed construction or stabilization Projects exiting high-interest bridge or private debt Developments requiring recapitalization or equity release Real estate portfolios need consolidation into long-term debt Owners looking to refinance for expansion or sale Projects must demonstrate viability, operational cash flow (where applicable), and precise documentation. GTFS will assist in preparing complete lender-ready packages. Compliance, Credibility, and Confidence All GTFS take-out lending services are conducted with complete adherence to international compliance regulations. Borrowers and projects undergo: KYC/AML checks Instrument verification (when applicable) Legal due diligence and escrow controls Third-party financial audits (when required) 'We're in the business of sustainable capital,' said Linda Martinez, Legal Advisor at GTFS. 'Every deal must pass legal, financial, and ethical muster. Our brokers know they can rely on us to protect their reputation — and their client's future.' Start the Process Today Brokers or agents looking to assist clients with permanent take-out solutions can begin by submitting a basic intake form and project summary. GTFS will provide preliminary feedback, timelines, and options for credit enhancement or instrument-based support. About GTFSolutions is a Canadian-based financial consulting firm specializing in high-value structured finance solutions. Services include SBLCS, Bank Guarantees, Proof of Funds, Conditional Approval Letters, Letters of Credit, and instrument-backed lending for global brokers, developers, and entrepreneurs. With a commitment to compliance, creativity, and transparency, GTFS is redefining access to institutional-grade capital for the world's most ambitious projects. Contact Information 📞 Phone: 1-888-305-9992 📧 Email: info@ 🌐 Website: 💼 LinkedIn | 🐦 Twitter/X | 📘 Facebook | 📸 Instagram TIME BUSINESS NEWS
Time Business News
02-05-2025
- Business
- Time Business News
GTFSolutions Empowers Brokers with Expert Financial Instrument Guidance and Access to High-Level Funding Resources
TORONTO, CANADA – GTFSolutions, a global financial services leader specializing in structured instruments and project finance, today announced the formal expansion of its Broker Partnership Program, offering unparalleled support to brokers seeking to use advanced financial instruments in commercial lending, project development, and capital acquisition. With today's economy increasing strain on traditional lending sources, many brokers have turned toward complex financing instruments to secure the capital their clients require. However, without the proper expertise, these brokers often face critical knowledge gaps that stall deals, delay funding, or result in disqualification. GTFSolutions has spent years developing a professional broker network that is trained explicitly in applying financial instruments. This network brings unmatched experience and credibility to every deal. 'A financial instrument is only as strong as the person presenting it,' said Robert Wilson, Head of Sales and Marketing at GTFSolutions. 'That's why we work closely with brokers who understand not just lending, but how to position instruments like Standby Letters of Credit, Bank Guarantees, and Certificates of Deposit in ways that lenders and institutions accept. It's a specialized field—and we bring that specialization to every transaction.' Bridging the Gap Between Brokers and Institutional-Grade Financing While many brokers come from residential real estate, consumer credit, or commercial lending backgrounds, they often find themselves unequipped when applying financial instruments such as Demand Guarantees, Proof of Funds, or Monetized Assets for project-level transactions. GTFS bridges this gap by offering brokers: Access to seasoned financiers and former senior banking professionals Hands-on guidance in structuring and presenting financial documents Legal and compliance review of all documents and supporting material Full back-end support for client interaction, negotiations, and funding steps Assistance with complex multi-jurisdictional projects and cross-border financing 'We're not just offering products—we're offering solutions backed by professionals who have spent decades in private banking, institutional lending, and sovereign-level deals,' added Wilson. Industries and Sectors Served GTFSolutions supports a wide range of project types through its broker-enhanced financial offerings. These include: Commercial Real Estate Development Oil and Gas Exploration Construction and Infrastructure Media and Film Financing International Public-Private Partnerships Business Expansion and M&A Green Energy Projects Healthcare and Hospitality Ventures Whether the project involves raising $1 million or $500 million, GTFS's experts and affiliated brokers can assess, package, and present funding proposals that can withstand institutional scrutiny. Case Example: Turning Broker Potential into Client Success A broker from Florida approached GTFS last year with a client needing $42 million to fund a cross-border construction initiative. The broker had experience in SBA lending but had never handled international project finance. GTFS's broker support program restructured the deal using an SBLC-backed monetization package, vetted by a senior GTFS consultant with prior experience in World Bank frameworks. The result: The client secured funding within 45 days, and the broker earned a commission five times higher than the average domestic deal. The GTFS Broker Difference What makes GTFSolutions' Broker Program distinct is the level of professionalism and industry pedigree behind its partner network. GTFS does not simply enroll brokers—it vets and trains them. Many of the brokers in its circle are: Former senior executives at tier-1 banks Private equity advisors International project financiers Legal and compliance professionals These individuals bring product knowledge, credibility, and networks needed to make deals happen. 'A broker with access to our platform is never alone,' said Wilson. 'They are backed by experts who've been in boardrooms, not just showrooms.' Why GTFS is the Right Partner for Brokers Expertise in Financial Instruments : Guidance on presenting instruments such as SBLCs, Proof of Funds, Demand Guarantees, and more. : Guidance on presenting instruments such as SBLCs, Proof of Funds, Demand Guarantees, and more. Institutional Credibility : Backing from investor groups and private banks that allow brokers to bring real value to their clients. : Backing from investor groups and private banks that allow brokers to bring real value to their clients. Custom Deal Structuring : Not cookie-cutter financing—GTFS creates tailor-made solutions for each project. : Not cookie-cutter financing—GTFS creates tailor-made solutions for each project. Client Resources Included : Brokers don't pay extra to use GTFS' team. These experts are part of the full-service offering. : Brokers don't pay extra to use GTFS' team. These experts are part of the full-service offering. Compliance Ready: Full KYC/AML protocols and regulatory documentation included in every deal. Open Invitation to Brokers Worldwide GTFSolutions is actively seeking new brokers and financial intermediaries who want to level up their ability to close major deals using financial instruments. If you've had success in consumer lending, real estate finance, or commercial banking—but want to enter the world of high-ticket global finance—GTFS can provide the training, tools, and team you need. Whether your client is developing a luxury hotel, building a refinery, launching a media empire, or expanding overseas—GTFS wants to help you get them funded. Contact GTFSolutions 📞 Phone: 1-888-305-9992 📧 Email: info@ 🌐 Website: 🔗 LinkedIn: GTFSolutions 🐦 Twitter/X: @GTFSolutions 📘 Facebook: GTFS Financial Solutions 📸 Instagram: @gtfsolutions For broker-specific inquiries, contact: Robert WilsonHead of Sales and Marketing 📧 info@
