Key Takeaways
- The ED has attached properties worth Rs 18.78 cr belonging to TP Global and IX Global in a PMLA case related to a forex trading scam.
- TP Global FX is an unauthorised forex trading platform that has been cautioned by the RBI.
- Key individuals involved in the forex trading scam include Prasenjit Das, Tushar Patel, Viraj Suhas Patil, and Joseph Martinez.
New Delhi: The Enforcement Directorate (ED) on Thursday said that they have attached movable and immovable properties worth Rs 18.78 Crore in connection with a PMLA case related to TP Global FX/IX Global.
The official said that the attached assets are in the form of flats/apartments, commercial spaces, fixed deposits and mutual funds.
The ED initiated a PMLA investigation based on the FIR registered by Kolkata Police, Maharashtra Police and Gujarat Police against T M Traders, K K Traders, TP Global FX, IX Global, IX Academy Pvt. Ltd and others.
“As per the Reserve Bank of India (RBI), the website of TP Global FX is neither registered with the RBI nor does it have any authorisation from the RBI for forex trading. The RBI has also issued an Alert List including the name of TP Global FX. It was published to caution the general public against unauthorised forex trading platforms,” said an ED official.
The ED investigation revealed that Prasenjit Das and Tushar Patel orchestrated a sophisticated deception using dummy companies to entice investors into a fraudulent scheme promising high returns on forex trading investments through TP Global FX. The directors and promoters of IX Global, including Viraj Suhas Patil and Joseph Martinez, actively promoted TP Global FX as their preferred brokers.
“During investigation, it is revealed that multiple FIRs have been registered across the country against TP Global FX/IX Global/IX Academy Pvt. Ltd./different influencers/promoters of IX Global, viz., Viraj Suhas Patil, Tushar Patel, Joseph Martinez, etc., for luring the general public in the guise of providing a higher return on the invested money for forex trading at the platform of TP Global FX/IX Global,” said the official.
The ED had earlier arrested Shailesh Kumar Pandey, Prasenjit Das and Viraj Suhas Patil in the case.
The total amount of seized/frozen/attached assets after the present attachment stands at Rs. 291 Crore in the form of cash, gold, real estate, hospitality establishments, office spaces, agricultural land, vehicles, cryptocurrencies, and bank balances.
The ED has filed three charge sheets in the matter as of now.
Further investigation into the matter is ongoing.
