Mumbai, June 18 -- The Mumbai divisional unit of Enforcement Directorate (ED) conducted raids at seven different locations across the country in connection with an illegal online forex trading case.
The fraud was committed allegedly using international brokers on the OctaFX trading app and website. Hundreds of investors from across the country were cheated of crores of rupees in the name of Forex market trading.
The ED has initiated investigation into this case based on a complaint filed at Shivaji Nagar police station in Pune.
Accordingly, ED conducted raids in Mumbai, Delhi, Chennai and Gurugram in connection of scam.
The investigation has revealed that OctaFX, in collaboration with MS OctaFX India Private Limited, operated in India ...