In a case involving illegal forex trading, the Enforcement Directorate (ED) has temporarily attached the assets of an online app called OctaFX, totaling 34.75 crore rupees.
According to an official statement released by the agency on Thursday, the ED issued orders for the temporary attachment of bank balances, cryptocurrency, automobiles, gold coins, and cash on Wednesday in accordance with the Prevention of Money Laundering Act, 2002 (PMLA) requirements.
The Pune police had filed an FIR, which was the basis for the ED’s inquiry. Additionally, on February 10 of this year, the Reserve Bank of India (RBI) released a list of unapproved firms and exchange-traded products (ETPs) that included OctaFX.