ED seizes ₹170 crore worth bank deposits in probe against ‘fraud’ forex trading platform

ED seizes ₹170 crore worth bank deposits in probe against ‘fraud’ forex trading platform

The agency claimed these were “shell” or dummy companies which were being “used” by the masterminds of QFX/YFX scheme for receiving deposits from public for investment in forex trading

ED identifies the ‘mastermind’ of the investment fraud in India - The Canadian Media

#AbuDhabiT10CricketLeague#ED#FinancialScam#Fraud#LavishChaudhary New Delhi/IBNS-CMEDIA: The Enforcement Directorate (ED) has identified a Dubai-based venture capitalist, who owns a franchise in the Abu Dhabi T10 cricket league, as the mastermind behind an investment fraud worth Rs 500-600 crore in India, sources told ThePrint. According to ED officials, Lavish Choudhary, a resident of Muzaffarnagar in Uttar Pradesh, orchestrated the

ED seizes two properties of Madhya Pradesh Forest Ranger

New Delhi, Feb 14 (IANS) Two properties worth crores of rupees belonging to a Ranger in Forest Department, Khandwa, Madhya Pradesh, were confiscated by the Enforcement Directorate (ED), Bhopal in a money laundering case, an official said on Friday. The confiscated properties of Harishankar Gurjar are in the form of two independent houses situated at […]

ED conducts raids in multiple cities in forex trading case of Himachal Police

Chandigarh:  The Enforcement Directorate (ED) of Chandigarh zone has conducted search operations under the Prevention of Money Laundering Act (PMLA), 2002, at various locations in Delhi, Rohtak in Haryana, Noida and Shamli in Uttar Pradesh as part of an ongoing investigation in the case of QFX Trade Ltd and others, running multi-level marketing scheme under the guise of forex trading. Their Directors are Rajender Sood, Vineet Kumar and Santosh K…

ED freezes Rs 170 crore of 30 bank accounts in money laundering case linking QFX Trade Ltd

The Enforcement Directorate (ED) has frozen movable properties in the form of more than 30 bank account balance of some shell companies to the tune of Rs 170 crore following a raid conducted two days ago in Delhi, Uttar Pradesh, and Haryana in connection with a case of QFX Trade Ltd, the agency said on Thursday. The action was taken after the ED’s Chandigarh Zonal Office conducted search operations on February 11 under the Prevention of Money La…