简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:ED questions TV actors Karan Wahi and Krystle D'Souza over promoting the illegal forex trading platform OctaFX. Investigation reveals unauthorized operations in India.
The Enforcement Directorate (ED) questioned television actors Karan Wahi and Krystle D'Souza on Wednesday for promoting the forex trading platform OctaFX and accepting payments for their endorsements, according to sources familiar with the matter. Their statements were officially recorded by the authorities.
In April, the ED's Mumbai Zonal Office conducted searches under the Prevention of Money Laundering Act (PMLA) in Mumbai, Chennai, Kolkata, and Delhi. These searches were part of an ongoing investigation into unlawful online forex trading via overseas brokers, with a particular focus on the OctaFX Trading App and the website www.octafx.com.
During the raids, police froze ₹2.7 crore in bank money and confiscated several papers and digital gadgets. These procedures were conducted in response to a complaint filed by the Shivaji Nagar Police Station in Pune. The FIR accused numerous persons of luring people in with false promises of big profits and cheating them under the guise of forex trading via OctaFX.
According to investigations, OctaFX operates in India via M/s OctaFX India Pvt Ltd. Notably, neither the app nor the website are sanctioned by the Reserve Bank of India. The investigation revealed that these firms made roughly ₹500 crore in earnings from their activities in India.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
XTM Inc. announces an FFCTO issued by the OSC due to missing financial filings. Efforts are underway to resolve this and resume normal trading.
Hong Kong's SFC warns of 7 suspected crypto scams, urging caution amid reports of fraudulent activities. Stay informed to protect your investments.
IG adds 25 new stocks for extended hours trading, available to UK clients from 9 am to 1 am Monday-Thursday, and 9 am to 10 pm on Fridays.
The Philippine Chamber of Telecommunications Operators (PCTO) warns against a surge in scam messages bypassing network filters. Stay vigilant against digital scams.