Mumbai: The Enforcement Directorate (ED) on Thursday said that it has deposited ₹21.14 crore in the bank accounts of OctaFX and entities related thereto for alleged violation of foreign exchange regulations.

The ED is probing the platform for alleged illegal online forex trading through international brokers. According to the agency, OctaFX collected funds from users and then circulated the money through fake entities.

not near the stage reserve Bank of IndiaPermission to trade in Forex. The ED said that its investigation has revealed that the money deposited by the trading platform was simultaneously transferred to multiple e-wallet accounts viz. Neteller, Skrill,

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