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China: India asks traders to stay away from Yiwu

Press Trust of India
Jan 03, 2012 at 01:42pm IST

Beijing: The two Indians, who were virtually held captive by local traders in China's Yiwu trade hub, have now been shifted to a hotel for "safety" reasons by the police, even as India issued an advisory asking its traders to "stay away" from the busy commodity centre.

Police in Yiwu, a trade hub in Zhejiang province close to Shanghai, shifted Shyamsunder Agrewal and Deepak Raheja to a hotel where two policemen were deployed to guard them.

Raheja told PTI over phone that they still apprehend trouble as a large crowd of locals had surrounded their hotel.

China: India asks traders to stay away from Yiwu

Traders in Yiwu had held two Indian men hostage apparently for non-payment of dues.

Indian officials said efforts were on to bring them to Shanghai. The two, who complained of ill-treatment and torture ever since they were "kidnapped" on December 15, said they were merely employees of a company that owed payments to local suppliers for the goods purchased and that their owner, whose identity has not been established, had fled.

The local traders, who reportedly handed them over to the police, assert that they would let them go only after the dues amounting to several million Yuan are paid.

Indian diplomat S Balachandran was "manhandled" at a court and fainted as he tried to secure the release of the two traders on December 31, prompting India to lodge a protest.

He is convalescing at a hospital in Shanghai.

Meanwhile, an advisory from the Indian Embassy in Beijing, cautioned Indian businessmen in dealing with traders in Yiwu, which has emerged as a major hub for commodities trading.

"Indian traders and business men are hereby cautioned not to do business with Yiwu in Zhejiang province," a trade advisory posted on the Indian Embassy website said on Tuesday.

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