ED freezes 30 bank accounts in money laundering case linking QFX Trade Ltd

Quick Summary:

Cash amount of more than Rs 90 lakh were seized from one of the premises of one of the agents.

The action was taken after the ED's Chandigarh Zonal Office conducted search operations on February 11.

ED investigation further revealed that multiple bank accounts of Rax Box Private Limited, Capter Money Solutions Private Limited and Tiger Digital Services Private Limited are being used for collection of funds from investors.

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Article Details

Category: BusinessFinance

Markets: India

Topics: ED Enforcement directorate Money laundering Money laundering case QFX Trade Ltd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 13:32:30 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 641 words

Reading Time: 4 minutes read

Sentences: 13 lines

Sentence Length: 50 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26114574

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

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