₹800 Crore Vanishes in OctaFX Forex Trading Scam: ED Seizes Assets

The Enforcement Directorate (ED) has launched a major crackdown on the OctaFX online forex trading platform, uncovering a sophisticated money laundering operation that allegedly siphoned off a staggering ₹800 crore.

ED Seizes ₹131 Crore in Assets, Including Yacht and Villas

In a significant move, the ED has seized assets worth ₹131 crore linked to the scam. These assets include a luxurious yacht, opulent villas located in Spain, and funds held in various accounts. The investigation has revealed a complex web of shell companies used to launder the illicit funds.

Pavel Prozorov Linked to the Extravagant Purchases

The investigation has linked Pavel Prozorov, a key figure in the OctaFX operation, to the extravagant purchases. The ED alleges that Prozorov used the laundered money to acquire the yacht and Spanish villas, showcasing the scale of the alleged fraud. The ongoing investigation is focused on unraveling the full extent of the scam and bringing those responsible to justice.