New Delhi, Sept. 18 -- The Enforcement Directorate (ED), Chandigarh Zonal Office, has arrested a primary agent in India in a money laundering case linked to a large-scale investment fraud operated through the platforms QFX, YFX, and Botbro.
The Special Court under the Prevention of Money Laundering Act (PMLA) in Chandigarh has remanded accused Harinder Pal Singh to ED custody for nine days for further interrogation.
The ED initiated its investigation based on multiple First Informartion Reports registered across Himachal Pradesh, Uttar Pradesh, and other states under Sections 120B, 406, and 420 of the Indian Penal Code.
The complaints alleged that the QFX group of companies and their agents defrauded thousands of investors by promising a...