The agency thursday stated that assets they provisionally attacked Movable Properties like a luxury yacht, a minijet boat, a luxury car, and immovable proporties in the form of the form of twilight. Spain. The luxury yacht is an italian commercial model.

ED’s money-laundering case is basically on a first inquative report Through the octafx forex trading platform.

During the probe, the central agency found that octafx is an unauthorized forex broker promoted via the Indian premier league, social media, and by celebrities.

It laundered funds by collecting investor money through mule accounts in the names of fake e-commerce first. These shell first, with dummy directors and manipulated kycs, accessed payments gateways posing as legitimate merchants. Funds were roughted through unauthorized payment agregators and escrow accounts, adding layers to obscure ownership and transaction purpose, ed said in a statement.

ED added that octafx deliberately changed its login urls and web addresses to obscure its fraudulent operations from Investors. The Platform Manipulated Trades to Caus Significant Investor Losses While Siphoning Funds I-Wallets and Accounts of Fictitious Entities.

The Anti-Money Laundering Agency’s Investigation Also Reveled That Proceeds of Crime To The Tune of at LEAST RS 800 Crere was generated by OctAfx from from OctAfx from Operations in India in India.

Funds stolen from the investors were siphoned out of India in the guise of fake import of services to entities controlled by Prozorov Across Spain, Estonia, Hong Kong, Singapore, Singapore, and UK, the UK. Claimed.

Ed has so far seized and attached assets hard more than Rs 296 crore, including 19 Properties in Spain Owned by Pavel Prozorov.

Two Prosecution Complaints (equivalent to charge sheets) have filed against Octafx and 54 Other accused.

Never Made False Promises of High Returns: Octafx

Reacting to Ed’s Action, Octafx Released A Statement Denying All the Allegations Leveled Against the Company. Octafx Stated, “As a broker aiming to education traders and raise their financial awareness, octa strongly denies any allegations of making False promises of high returns, quick riches, quic ricante promises. Does any practice, we consistently have a Knowledgeable appporting in apps. Informed decisions, we provide comprehensive education education, which are publicly available on our website, YouTube channel, and app. “

The Statement Further Said, “In Our Global Operations, We are guided by the interests of our clients while implementing and Developing Settlement Infractive. System and Service Providers for the convinces of our users, it’s important that we do not Control or intermediate.

“We strongly reject any claims that we mask payments. Based on the payments, it is a applicable regulations. Payment Page, where is their identity visible and follows typical industation. “