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Massive foreign exchange scam worth Rs 700 crore unearthed by ED during Edelweiss probe

Shortpedia

Content Team

The Enforcement Directorate has unearthed a massive forex (foreign exchange) scam of over Rs 700 crore involving Capstone Forex Private Limited, a Maharashtra-based firm. ED got its hands into the Capstone Forex scam during an investigation into Edelweiss Financial Services Limited. ED claims that Capstone Forex bought forex on fudged, forged and fake air tickets and passports and received more than Rs 700 crore in its accounts.