ED freezes Rs 170 crore in QFX Trade Ltd Forex Fraud investigation
ED conducted searches on QFX Trade Ltd and associates under PMLA, resulting in the freezing of Rs. 170 crore across multiple locations. They seized Rs. 90 lakh in cash, along with incriminating documents. The investigation revealed QFX's operation of MLM schemes disguised as forex trading, luring investors through false promises of high returns.
ED conducted searches on QFX Trade Ltd and associates under PMLA, resulting in the freezing of Rs. 170 crore across multiple locations. They seized Rs. 90 lakh in cash, along with incriminating documents. The investigation revealed QFX's operation of MLM schemes disguised as forex trading, luring investors through false promises of high returns.
