The Enforcement Directorate (ED) seized a commercial property valued at $3.5 million in Rameswaram, Tamil Nadu, associated with TP Global FX, an unregistered forex trading platform. This platform deceived numerous investors by promising high returns on cryptocurrency investments.
The Kolkata Police initiated the investigation, uncovering that the funds from investors were misappropriated. The Reserve Bank of India warned against TP Global FX, stating it was unauthorized, thus protecting the public from potential scams.
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