In response to unlawful Forex Trading by TP Global FX, the Directorate of Enforcement (ED) has temporarily attached movable and immovable properties worth Rs 118.27 crore that belong to Prasenjit Das, Shailesh Pandey, Tushar Patel, and their firms on April 5, 2023. Shares, mutual funds, bonds, AIF/PMS, cash in bank accounts, a luxury car (an MG Hector), apartments, commercial buildings, hotels, and resorts are all included in the attachment.
The FIR filed by the Kolkata Police against M/s T M Traders and M/s K K Traders under several IPC sections served as the foundation for the ED’s probe. In a news release dated September 7, 2012, the RBI also released an Alert List, which includes the name of TP Global FX, to warn the public about using unlicensed trading platforms.
According to an investigation by the ED, Prasenjit Das, Shailesh Kumar Pandey, Tushar Patel, and other individuals defrauded the public by pretending to invest in forex trading using the platform and website of TP Global FX. They did this through a variety of fictitious companies, firms, and entities that they controlled and managed. Further, after amassing a sizeable sum, these funds were layered and transferred to entities in which the accused or dummy persons were the director or proprietors without the knowledge or knowledge of the gullible investors, and these funds were then used to purchase real estate for the benefit of the accused.
Earlier, the ED apprehended Shailesh Kumar Pandey and Prasenjit Das as part of an investigation into the TP Global FX illegal forex trading scheme. They are both now being held by the court. 180 bank accounts that the suspects owned and operated were subject to seizure and search, and 121.02 crore rupees in bank accounts covered by the PMLA were blocked. There is now more research being done.
