Illegal forex trading: ED freezes Rs 2.7 crore in bank accounts

The Enforcement Directorate carried out synchronized searches in Mumbai, Chennai, Kolkata, and Delhi as part of an investigation into the illegal online forex trading case involving the octafx.com website and mobile app. OctaFx India Pvt Ltd, OctaFx and their associated entities have been accused of cheating investors under the guise of forex trading, thereby earning a profit, ED said.