ED seizes Ahmedabad forex firm's assets worth Rs 3.10 crore in illegal trading case

Updated: Sep 19 2023 9:53PM

Ahmedabad, Sep 19 (PTI) The Enforcement Directorate (ED) conducted searches at the premises of a foreign exchange trader in Ahmedabad and seized cash and other assets worth Rs 3.10 crore in a case of illegal forex trading, said the central agency on Tuesday.

The searches at locations linked to TP Global FX were carried out under provisions of the Prevention of Money Laundering Act, 2002, (PMLA), said an ED release.

The operation led to the seizure of Rs 1.36 crore in cash, 1.2 kg of gold worth Rs 71 lakh, two luxury cars worth Rs 89 lakh and Rs 14.72 lakh in a bank account, said the release.

Press Trust Of India (PTI) is India's premier news agency, with a reach as vast as the Indian Railways'. It employs nearly 400 journalists and 500 stringers to cover almost every city and small town in India. Collectively, our journalists put out more than 1,000 stories and 250 photographs including graphics every day to feed the appetite of the diverse subscribers, who include the mainstream media, the specialized presses, research groups, companies, and government and non-governmental organizations.

General Access

Add On Customer Packages

The Press Trust Of India Ltd.

PTI building 4, Parliament Street, New Delhi-110 001

© PTI 2021, All Right Reserved

Designed by: 4c Plus