ED, Kolkata conducted search operations in Mumbai under the provisions of the PMLA, 2002 uncovering a significant illegal forex trading racket operated by TP Global FX. During the search operation, cash totaling Rs. 34.5 Lakh and various foreign currencies equivalent to Rs. 27 Lakh were recovered and seized.

The Directorate of Enforcement (ED), Kolkata conducted searches in Mumbai under PMLA, 2002, revealing an illegal forex trading racket operated by TP Global FX. \r

They seized cash amounting to Rs 34.5 Lakh and foreign currencies equivalent to Rs 27 Lakh. TP Global FX, not authorized by RBI for forex trading and on RBI's Alert List since September 7, 2022, misled investors with promises of high returns. ED's investigation implicated individuals like Prasenjit Das and Tushar Patel using dummy companies to siphon investor funds for personal gain. \r

Assets worth Rs 263 Crore were seized from accused including Shailesh Kumar Pandey, Prasenjit Das, and Viraj Suhas Patil, with two PC filed in the Hon’ble Special Court (PMLA).