Illegal trading platform rakes in Rs 800 crore in India in just nine months

Image for article Illegal trading platform rakes in Rs 800 crore in India in just nine months
News Source : The Times of India

News Summary

  • The ED is probing OctaFX for Rs 800 crore in alleged proceeds of crime from India, laundered via cryptocurrencies and fake service imports.
  • This investigation reveals a broader pattern of cross-border financial frauds, leading to Indians losing over Rs 22,800 crore in 2024 through similar illicit schemes.
  • PM Modi hails Trump’s leadership as Gaza talks progress toward lasting peace.
  • UNHRC alarmed over Yunus regime, proxy war and human rights abuses.
  • India-Canada security talks, flights to China, 25 yrs Russia ties.
The Enforcement Directorate (ED) is investigating OctaFX, an online trading platform whose promoters are based in Russia, technical support runs from Georgia, India operations are managed from Dubai, [+2629 chars]

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