New Delhi: The Spanish Police have arrested a Russian national, wanted globally and in India for a multi-crore investment fraud, Enforcement Directorate officials revealed Friday. He has duped thousands across the world with his OctFx investment app; profiting about Rs 5,000 crore from India alone in the past five years.

India has charged OctFX founder Pavel Prozorov under the Prevention of Money Laundering Act (PMLA), after investigations against him began in 2022.

Once a trading partner of the Indian Premier League (IPL) franchise Delhi Capitals, OctaFx was also endorsed by television stars such as Krystle Dsouza and Karan Wahi. They have both been questioned by the Enforcement Directorate. Show Full Article

ED sources said that the arrest in Spain was carried out after India shared

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