February 13, / PM IST The Enforcement Directorate (ED) has busted a Rs crore foreign exchange scam perpetrated by a little-known firm in an operation that has also brought into focus The Enforcement Directorate (ED) on Thursday said that it has busted a massive foreign exchange scam to the tune of Rs crore involving Mumbai-based firm Capstone Forex Pvt Ltd, which allegedly bought foreign currency on fudged and forged air tickets and passports The latest tweets from @forex
ED busts Rs crore forex scam in Maharashtra
Jump to navigation. The Enforcement Directorate has unearthed a massive forex 700 foreign exchange scam of over Rs crore involving Capstone Forex Private Limited, a Maharashtra-based firm. Capstone Forex came under ED's scanner, forex 700. The financial probe agency claims that Capstone Forex bought forex on fudged, forged and fake air tickets and passports. An investigation by the ED also reveals that many of the shell companies transferred funds to various big corporates and reputed companies.
Corporates that have come under the radar of ED investigation include CG Power Solutions, Indianapolls Hospitality Jay Mehta Groupforex 700, Consultshah Financial Services, Eros International Media, Jain Energy Jain Irrigation GroupNavarkar Builders, Next Gen Films, Swatantryaveer VD Savarkar Multistate Cooperative Credit Society, forex 700.
Jay Mehta is the husband of Bollywood actor Juhi Chawla. Sources say that during questioning, most companies failed to justify the reason behind the transfer of funds to Capstone Forex.
The sudden spurt in the trend of turnover in compared to previous years caused interest in examining the business practices and the source of revenue of the said company, forex 700. On examining bank account statement of the said FFMC, it was found that the said company has received hundreds of crores of rupees from various business entities, firms and companies during the period ofread the ED documents.
According to ED, the company submitted copies of passports and air ticket to show the proof of the customers to whom they have sold the foreign exchange. On checking a few of those air tickets, it was found that the said tickets were forged and fake. This led to suspicion that the foreign exchange sold by the said company to the said individual customers as indicated by them on their records. Capstone Forex Private Limited has been purchasing foreign exchange and foreign currencies from the other AD banks, other FFMCs by forex 700 the funds received by them in their bank accounts, forex 700, added the ED documents.
The ED is expected to summon the suspects involved in the scam for questioning. Meanwhile, Eros International has issued a statement claiming that they have not received any communication from ED in the Capstone case. We strongly condemn the allegation and want to reassure the market, investors and stakeholders that Eros International Media Limited forex 700 not received any communication from ED and we have no business transactions with Capstone Forex," the statement from Eros International said.
READ ED expedites probe in pulse scam, Edelweiss COO questioned Live TV READ Forex scam: ED questions Edelweiss chairman Rashesh Shah for forex 700 hours Click here for IndiaToday. ED unearths massive foreign exchange scam worth Rs crore The ED claims that Capstone Forex bought forex 700 on fudged, forged and fake air tickets and passports.
Munish Chandra Pandey New Delhi February 13, UPDATED: February 13, IST. READ Forex scam: ED questions Edelweiss chairman Rashesh Shah for 5 hours.
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, time: 13:57ED busts Rs crore forex scam in Maharashtra - blogger.com
13/02/ · The Enforcement Directorate has unearthed a massive forex (foreign exchange) scam of over Rs crore involving Capstone Forex Private Limited, a Maharashtra-based firm. Capstone Forex came under ED's scanner. The financial probe agency claims that Capstone Forex bought forex on fudged, forged and fake air tickets and passports The Enforcement Directorate (ED) on Thursday said that it has busted a massive foreign exchange scam to the tune of Rs crore involving Mumbai-based firm Capstone Forex Pvt Ltd, which allegedly bought foreign currency on fudged and forged air tickets and passports ED busts Rs crore forex scam in Maharashtra Mumbai, Feb 13 (IANS) The Enforcement Directorate (ED) on Thursday said that it has busted a massive foreign exchange scam to the tune of Rs
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