Overview

• ED said the latest provisional attachment covers flats, commercial spaces, fixed deposits and mutual funds tied to the entities under probe.
• The cumulative value of assets seized, frozen or attached in the case now stands at roughly Rs 291 crore, according to the agency.
• The investigation stems from FIRs by Kolkata, Maharashtra and Gujarat police naming T M Traders, K K Traders, TP Global FX, IX Global and IX Academy Pvt. Ltd.
• RBI has stated TP Global FX is neither registered nor authorised for forex trading and placed it on its alert list in September 2022 to caution the public.
• ED alleges a dummy‑company network led by individuals including Prasenjit Das and Tushar Patel, with IX Global promoters Viraj Suhas Patil and Joseph Martinez promoting TP Global FX; earlier arrests include Shailesh Kumar Pandey, Das and Patil, and three prosecution complaints are before the Special PMLA Court in Kolkata.