NEW DELHI: The Enforcement Directorate (ED) has frozen Rs 21.14 crore of OctaFX India Private Limited and related entities which were held in various bank accounts after carrying out searches at their premises over allegations that the international brokers's activities were in contravention of the Foreign Exchange Management Act (FEMA).
The London-based online forex broker was one among four principal sponsors of Indian Premier League franchise Delhi Capitals for the IPL's 2022 season.
