India’s foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven’t been paid after the financier Infrastructure Leasing & Financial Services Ltd began defaulting on $12.6 billion in debt.
Seven Indian workers from the shadow lender, which rocked financial markets after it began missing debt payments earlier this year, have been detained since November 25 at three sites in Ethiopia’s Oromia and Amhara states by unpaid local staff, according to an emailed letter from the employees.
They said the possible termination of some road projects being built by Indian

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