Appears iX International prime earner Viraj Patil didn’t fancy spending Christmas and New Yr’s in Dubai.
Viraj, a wished fugitive, was arrested after his flight from Dubai landed at Chhatrapati Shivaji Maharaj Worldwide Airport on Sunday evening.
As reported by TV9 Bangla on December twenty fifth, the Enforcement Directorate took Patil into custody in Kolkata on Monday.
Patil (proper) is certainly one of 13 suspects wished in reference to iX International fraud costs.
The ED’s investigation into iX International started in 2022. The case has since led to the arrest of Sailesh Pandey, Arvind Pandey, Rohit Pandey and Prasenjit Das.
The Pandeys and Das are tied to the cash laundering aspect of iX International, which is linked to TP International FX.
Indian authorities declare iX International and TP International FX laundered not less than $25 in stolen investor funds.
In October extra arrest warrants had been issued, amongst them Viraj Patil and iX International CEO Joe Martinez (proper).
Martinez is a US nationwide. In August 2023 the SEC sued Martinez and iX International, alleging not less than $49 million in securities fraud.
iX International launched in 2020 and pitched passive month-to-month returns of as much as 20%.
In India iX International’s marketed returns climbed as excessive as 25%.
The returns iX International illegally marketed had been purportedly generated by way of Debt Field. Debt Field and its executives have additionally been sued by the SEC.
Pending any updates on Patil’s arrest, we’ll maintain you posted.