National

ED Executes Raids Across Multiple Cities in Himachal Police Forex Trading Case

Published

1 year ago

February 13, 2025

The Enforcement Directorate (ED) for the Chandigarh region has executed search operations under the Prevention of Money Laundering Act (PMLA), 2002, across multiple locations, including Delhi, Rohtak in Haryana, Noida, and Shamli in Uttar Pradesh. This action is part of an ongoing investigation into QFX Trade Ltd and others, who have been allegedly operating a multi-level marketing scheme disguised as forex trading.

The company’s directors include Rajender Sood, Vineet Kumar, and Santosh Kumar, along with one of the key figures, Nawab Ali, also known as Lavish Chaudhary.

The investigation was initiated following numerous FIRs filed by the Himachal Pradesh Police against QFX Company, which has been accused of defrauding numerous investors through a fraudulent forex trading scheme.

QFX and its directors were reportedly running an unregulated deposit scheme, tempting investors with promises of high returns on their investments. The agents of the QFX group promoted their MLM scheme under the QFX investment plan, utilizing websites, apps, and social media advertisements to attract investors with the lure of significant returns from forex trading.

It was revealed that the directors of the company, along with various agents commissioned by QFX and YFX, conspired to operate this unregulated deposit scheme, enticing individuals with promises of a 5% monthly return on their investments.

Officials disclosed that the name of the QFX scheme was changed to YFX (Yorker FX) after FIRs were lodged by the Himachal Police against QFX Trade Ltd and its directors. The methodology remained consistent, duping unsuspecting investors by promoting high returns under the facade of forex trading.

Further investigations uncovered that Nawab Ali was also managing other fraudulent investment schemes, including BotBro, TLC Coin, and Yorker FX, which were falsely portrayed as forex trading platforms. Events were organized both in India and Dubai to attract more customers.

The ED’s examination revealed that various bank accounts belonging to NPay Box Private Ltd, Capter Money Solutions Private Ltd, and Tiger Digital Services Private Ltd were being utilized to gather funds from investors.

Searches were conducted at the offices and residences of the directors of these companies, uncovering that these shell companies were instrumental in receiving public deposits for investment in QFX/YFX, while falsely claiming high returns generated through forex trading.

During the search operations, over 30 bank accounts associated with these shell companies, amounting to approximately Rs 170 crore, were frozen due to the directors’ inability to clarify the source of the funds.

Additional searches were carried out on some of the agents associated with QFX/YFX, leading to the seizure of more than Rs 90 lakh in cash from the premises of one agent. Several incriminating documents and digital devices were also confiscated during these operations. The investigation is ongoing, according to the ED statement.

National

Man Allegedly Kills Wife, Children, Teen Girl and Her Family

Published

1 week ago

July 11, 2026

Namma Kudla

Hyderabad: A 35-year-old man, identified as Rajkumar, allegedly killed his wife, two young sons, a 17-year-old girl who had accused him of sexual harassment, and the girl’s mother and grandmother in Telangana’s Ranga Reddy district.

Police said Rajkumar first killed his wife, Parvathi Saritha (30), and their two sons at their home in Shabad on Friday night. He then allegedly kidnapped the teenage girl, murdered her, and later killed her mother and grandmother.

The accused had been arrested in May under the POCSO Act for allegedly stalking and sexually harassing the girl. He was granted anticipatory bail about a week before the murders.

After the crime, Rajkumar reportedly called his father and confessed before switching off his phone. He is currently absconding, and police have launched a manhunt. The investigation is underway.

National

Wedding celebration Dispute for Served Chicken promising Mutton

Published

1 week ago

July 11, 2026

Namma Kudla

Bihar: A wedding celebration in Bihar turned violent after a dispute over the food served at the reception. Around 12 people were injured in the clash.

The incident took place in Simri Bakhtiyarpur town of Saharsa district on Thursday.

According to officials, the nikah of Mohammad Abdullah alias Chand, son of Mohammad Anwar, was held with the daughter of Mohammad Javed alias Moto at around 3 pm. The wedding ceremony was completed peacefully.

The trouble began during the wedding feast. Members of the groom’s family claimed they had been promised mutton for the meal. However, they were served chicken instead.

The groom’s side objected to the change in the menu. This led to a heated argument between the two families. The argument soon turned into a physical fight.

Several people from both sides were involved in the clash. Some guests were allegedly beaten with sticks. Videos shared on social media also showed people waving swords during the violence.

Around 12 people suffered injuries in the incident. They were admitted to the Sub-Divisional Hospital in Simri Bakhtiyarpur for treatment.

Police reached the venue and brought the situation under control. A case has been registered, and an investigation is underway.

National

Daughter Held for Mother’s Murder; Father’s Death Also Under Scanner?

Published

1 week ago

July 11, 2026

Namma Kudla

Jaipur: A 23-year-old woman, Ayushi Sharma, who was arrested for allegedly plotting her mother’s murder to obtain a government job, is now facing fresh allegations linked to her father’s death.

Ayushi’s uncle has claimed that the death of her father, Vijay Sharma, may not have been natural. He has demanded a police investigation into the case. Police have started looking into the allegation.

According to the police, Ayushi planned the murder of her mother, Neeraj Sharma, with the help of her uncle Mohan Swaroop and her relative Balram alias Ravi. The motive was to gain control of family property and secure her mother’s government job.

Police said the accused paid Rs.7 lakh to contract killers to carry out the murder. The attackers allegedly rammed an SUV into Neeraj Sharma and tried to make it look like a road accident.

Neeraj Sharma, 45, was working as a Lower Division Clerk (LDC) in a court. On July 3, she was returning home after dropping her son at tuition when a speeding Scorpio SUV allegedly hit her near Pratap Nagar. She was thrown nearly 100 feet and died on the spot. The accused fled after the incident.

During the investigation, police examined CCTV footage from the area. They found that the incident was not an accident but a planned murder. The investigation later exposed the conspiracy.

Police have arrested seven people, including Ayushi Sharma, in connection with the case. One accused is still absconding, and efforts are underway to arrest him.

Police said Neeraj Sharma had received the government job on compassionate grounds after the death of her husband about a year ago. Investigators believe Ayushi wanted the job for herself. Police also said there had been a property dispute between the mother and daughter for the past two to three years.

During questioning, Ayushi allegedly told police that she wanted her late father’s government job. However, after his death, the job was given to her mother. She reportedly admitted that this disappointment, along with the property dispute, became the reason for planning the murder.