OctaFX Case: Luxury Yacht, Minijet Boat, Cars and Other Assets of Pavel Prozorov Worth ₹131.45 Cr Attached by ED

Rs 800 cr OctaFx illegal forex trading case: Luxury yacht, minijet boat, two residential buildings among Rs 131 crore properties attached by ED

Funds stolen from the investors were allegedly siphoned out of India in the guise of fake import of services to entities in Spain, Estonia, Russia, Hong Kong, Singapore, the UAE, and the UK.

ED seizes assets worth Rs 131.45 crore, luxury yacht in OctaFX forest case: Know the inside story

This is the second instance of offshore property attachments in this case. Earlier, the probe agency attached 19 properties in Spain and other assets worth Rs 296 crore.

Rs 55 cr yacht, minijet boat, Mercedes SUV among assets of OctaFX ‘mastermind’ in Spain attached by ED

Pavel Prozorov has been identified and charged by the federal probe agency for an alleged Rs 900 crore fraud linked to the forex trading platform.

ED Busts IPL-Linked Rs 800 Cr Forex Scam With A ‘Cherry’ On Top

ED has attached the sleek Italian commercial yacht Cherry and two high-end residential properties in Spain worth Rs 131.45 crore in connection with the OctaFX forex scam

ED Attaches ₹131.45 Cr In Spanish Assets Of OctaFX Mastermind

The ED’s findings indicate that OctaFX generated at least ₹800 crore in illicit proceeds from its Indian operations over nine months.

Probe Agency ED Attaches Yacht, Assets Worth Rs 131 Crore In Forex Case

A yacht, a boat, two houses and some other assets located in Spain and worth more than Rs 131 crore have been attached under the anti-money laundering law in a case against a "fraud" forex-trading platform.