TV actors Krystle Dsouza, Karan Wahi, and Nia Sharma have come under the radar of the ED for promoting a forex trading app. Read on to find more details.
In April, there were numerous search actions were run by the Enforcement Directorate (ED) across cities such as Mumbai, Chennai, Kolkata, and Delhi. These were in connection to an alleged money laundering probe involving possible illicit online forex trading. This supposedly happened via the global company, OctaFx Trading App, and its corresponding website, octafx.com. Earlier actors Krystle Dsouza and Karan Wahi were also under the radar of ED for promoting the forex trading app. Scroll down to find more details.
A news report by Free Press Journal indicated that the Enforcement Directorate has confiscated Rs 2.7 crore from various bank accounts, along with a slew of unlawful papers and electronic gadgets. In connection to the Octa FX money laundering case, popular actors Krystle Dsouza and Karan Wahi have been summoned by the ED to present their statements.
A significant number of Indian-based bank accounts have directed their investments towards the OctaFx trading app. According to the Enforcement Directorate (ED), these funds were amassed by duping investors. Following this, the illegally-acquired money was transferred to bank accounts created under fake names.
A news report by Free Press Journal indicated that quite a few OctaFx app users have reported unauthorised fund extraction by agents, attributed to the platform’s misconduct. Allegedly, the trading app has been involved in deceitful practices, causing financial drain for its investors. The app appears to use catchy online ads to lure unsuspecting investors into engaging in its trading activities.
OctaFX has brought on board numerous Indian personnel living in Spain and Russia who are responsible for handling the OctaFX trading interface and encouraging Indian individuals to consider forex trading investments.
