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Articles for Forex, search results for ed

ED raids five locations in Mumbai in connection with illegal forex sale case
1 month, 2 weeks ago

ED raids five locations in Mumbai in connection with illegal forex sale case

India Today  

The Enforcement Directorate's Mumbai zonal office conducted search operations at five locations in Mumbai in connection with a case of suspected illegal sale and distribution of Forex by FFMCs. The raids were conducted on Thursday under the provisions of the Foreign Exchange Management Act, 1999 at premises of Kuntilaa Forex Pvt Ltd, Shagun Enterprises, Capital India Finance Ltd and MDB …

Mumbai Pvt Forex Illegal Sale Kuntilaa Forex Pvt Ltd Capital India Finance Ltd
ED seizes 4.6cr forex in FEMA probe
1 month, 2 weeks ago

ED seizes 4.6cr forex in FEMA probe

Hindustan Times  

MUMBAI: The Mumbai unit of the Enforcement Directorate seized foreign currencies worth ₹4.6 crore during searches at five locations in the city, mainly at the premises of four entities that are Full-Fledged Money Changers. ED seizes 4.6cr forex in FEMA probe The investigation was initiated based on observations related to unusual financial activities during the financial year of 2022-23 in …

Foreign Exchange Fema Foreign Rbi Forex Kfpl
FEMA probe against fund manager: ED seizes ₹12.96 L forex, trace properties in UK
3 months, 1 week ago

FEMA probe against fund manager: ED seizes ₹12.96 L forex, trace properties in UK

Hindustan Times  

MUMBAI: The Enforcement Directorate has seized foreign currency worth around ₹12.96 lakh during searches conducted as part of its FEMA investigation against Viresh Joshi, a former fund manager at Axis Mutual Fund, for alleged contravention of the forex rules. ED initiated its investigation based on an interim order passed by the Securities and Exchange Board of India, which accused Joshi …

India Fema Fund Crore Joshi Allegedly Gains
ED raids forex trading platform OctaFx in fraud case, seizes over Rs 80 crore
4 months, 4 weeks ago

ED raids forex trading platform OctaFx in fraud case, seizes over Rs 80 crore

India Today  

The Enforcement Directorate has conducted search operations at various locations linked to the forex trading platform OctaFx, which is accused of defrauding investors to the tune of several crores. The ED initiated the investigation against the platform based on an FIR filed in Pune, which accuses several individuals of cheating investors by projecting false promises of high returns through the …

Trading Crore Ted Octafx Forex Trading
Actors Karan Wahi, Krystle D'Souza under ED radar, record statements in connection with money laundering case
5 months, 3 weeks ago

Actors Karan Wahi, Krystle D'Souza under ED radar, record statements in connection with money laundering case

India TV News  

Actors Karan Wahi and Krystle D'Souza seem to be in trouble as the two were questioned by the Enforcement Directorate in the Forex trading online platform OctaFX case. In the same Forex online trading platform OctaFX case, ED had conducted raids at many places in Mumbai, Chennai, Kolkata and Delhi on April 20 this year. It is alleged that illegal …

India Trading Case Pmla Karan Wahi Forex Octafx
ED conducts search operations in multiple cities in illegal online forex trading case
8 months ago

ED conducts search operations in multiple cities in illegal online forex trading case

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, conducted search operations under the Prevention of Money Laundering Act, 2002, at various locations in Mumbai, Chennai, Kolkata, and Delhi on April 18. The operations were carried out as part of an ongoing probe in the case of illegal online forex trading through the OctaFx trading platform, the ED informed on Saturday. “The ED …

India Indian Bank Platform Funds Entities Search Operations
₹100 crore fraud: Hawala operators under ED scanner
8 months, 1 week ago

₹100 crore fraud: Hawala operators under ED scanner

Hindustan Times  

MUMBAI: The Enforcement Directorate has taken a few hawala operators specialising in crypto-currencies under its scanner as part of its money-laundering probe against a Dubai-based businessman and others who are accused of ₹100-crore fraud that involves the use of dubious financial schemes and forex trading to lure investors. The hawala traders under the scanner were allegedly used by the case’s …

India Dubai Agency Hawala Forex Trading Hawala Operators Khute
Paytm crisis: No forex violations found by probe agency yet, says report
10 months ago

Paytm crisis: No forex violations found by probe agency yet, says report

India Today  

An investigation into potential foreign exchange breaches at Paytm Payments bank by the Enforcement Directorate of India hasn't uncovered any violations yet, according to a government source familiar with the situation, news agency Reuters reported. Since the Reserve Bank of India's announcement on January 31st that Paytm Payments Bank couldn't take in new funds, Paytm's shares have plummeted by over …

Payments Bank Reuters Paytm Paytm Payments Bank
ED arrests Viraj Patil in illegal forex trading case
11 months, 3 weeks ago

ED arrests Viraj Patil in illegal forex trading case

Hindustan Times  

MUMBAI: The Enforcement Directorate on Monday arrested a key accused from the city in a money laundering probe against a firm allegedly involved in illegal forex trading. The members/users of ‘IX Global’ had allegedly used the brokerage services of TP Global FX to conduct their forex trading, according to ED. ‘IX Global’ had allegedly obtained or derived the proceeds of …

Global Kolkata Trading Allegedly Patil Forex Trading Tp Global Fx
Ashok Gehlot’s son Vaibhav summoned by ED in Forex violation case
1 year, 1 month ago

Ashok Gehlot’s son Vaibhav summoned by ED in Forex violation case

Live Mint  

The Enforcement Directorate on Friday summoned Chief Minister Ashok Gehlot's son Vaibhav summoned in foreign exchange violation case, media reports cited. In August, the agency conducted searches in Jaipur, Udaipur, Mumbai, and Delhi over three days, resulting in the seizure of unaccounted cash totaling ₹1.2 crore, as per NDTV report Earlier this year, BJP MP Kirodi Lal Meena had filed …

Vaibhav Gehlot
Gujarat: ED seizes assets worth Rs 3.10 crore in illegal forex trading case
1 year, 3 months ago

Gujarat: ED seizes assets worth Rs 3.10 crore in illegal forex trading case

India TV News  

In a major crackdown on illegal forex trading, the Enforcement Directorate conducted searches at the premises of TP Global FX, a foreign exchange trader based in Ahmedabad. The ED's investigation revealed that individuals associated with the company, including Prasenjit Das, Shailesh Kumar Pandey, Tushar Patel, and others, had defrauded people by falsely promising investments in forex trading. Additionally, the central …

Gujarat Trading Crore Rbi Forex Forex Trading Tp Global Fx
ED seizes ’incriminating data’ of Byju’s over alleged forex law violations
1 year, 7 months ago

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations

Live Mint  

According to a statement made earlier today by the Directorate of Enforcement, three Bengaluru premises related to the education platform Byju and its billionaire CEO Byju Raveendran have undergone searches and seizures for possible violations of the nation's foreign exchange rules. The searches under alleged foreign exchange law violations revealed that Think and Learn Private Limited, Byju's parent firm, had …

Bengaluru Company Crore Foreign Byju
'Baseless': ED dismisses Xiaomi's claims of 'coercion, physical violence threat' during forex probe
2 years, 7 months ago

'Baseless': ED dismisses Xiaomi's claims of 'coercion, physical violence threat' during forex probe

Firstpost  

ED on 29 April passed an order to seize the Chinese firm’s funds worth over Rs 5,551 crore over alleged violation of the Foreign Exchange Management Act of FEMA New Delhi: The Enforcement Directorate on Saturday rejected as “baseless” the allegations that the statements of Xiaomi India officials, the wholly-owned subsidiary of Chinese mobile manufacturing company Xiaomi, were recorded “under …

India Xiaomi Statement Statements Agency Xiaomi India
ED seizes Rs 5,551 crore from Chinese smartphone giant Xiaomi's India arm over forex violations
2 years, 7 months ago

ED seizes Rs 5,551 crore from Chinese smartphone giant Xiaomi's India arm over forex violations

Firstpost  

The company has remitted foreign currency equivalent to Rs 5551.27 crore to three foreign-based entities which include one Xiaomi group entity in the guise of royalty, the agency said New Delhi: The Enforcement Directorate has seized Rs 5551.27 crore of Xiaomi Technology India Pvt Ltd– a wholly-owned subsidiary of China-based Xiaomi group under the Foreign Exchange Management Act in connection …

Crore Group Entities Xiaomi India Remitted Foreign
Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders
3 years, 4 months ago

Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders

India TV News  

The Enforcement Directorate has issued a show cause notice of about Rs 10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. They said the notice under various sections of the Foreign Exchange Management Act was issued to 10 people last month that includes Flipkart, its founders Sachin …

Violation Notice Fema Walmart Flipkart Fdi Its Founders
Standard Chartered fined ₹100 crore for violating forex norms
4 years, 3 months ago

Standard Chartered fined ₹100 crore for violating forex norms

Live Mint  

The Enforcement Directorate, India’s anti-money laundering agency, fined Standard Chartered Plc $13.6 million for breaking foreign exchange rules when it worked on the takeover of a local bank, marking one of the country’s biggest penalties imposed on an overseas lender. An eight-year probe found that Standard Chartered violated the Foreign Exchange Management Act—which monitors offshore financial transactions —when it worked …

Bank Standard Chartered Fined 100 Tamilnad Mercantile