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.