In a crackdown on exporters who had submitted fraudulent letters of credit for wheat exports, the commerce ministry's arm DGFT has imposed monetary penalties on two Mumbai-based entities and decided to initiate criminal proceedings against them. The government banned wheat exports on May 13 but allowed shipments for which Letters of Credit (LCs) have been issued before the ban date. It was later decided to initiate strong action against entities trying to export wheat on the basis of fake letters of credit.