"Edelweiss has no relationship with Capstone Forex Pvt. Ltd. and all allegations of FEMA violations are false. We appreciate that regulators and agencies have an obligation to investigate; if any Mumbai, Feb 14 (IANS) The Enforcement Directorate (ED) on Thursday said that it has busted a massive foreign exchange scam to the tune of Rs 700 crore involving Mumbai-based firm Capstone Forex Pvt Ltd, which allegedly bought foreign currency on fudged and forged air tickets and passports. According to sources in the central financial probe agency, the name of the Capstone Forex … An ED source claimed that Capstone Forex bought forex on "fudged, forged and fake air tickets and passports" and had received more than Rs 700 crore in its accounts from various shell companies. Feb 13, 2020 Jan 11, 2020 Jan 12, 2020
Feb 14, 2020 · The agency suspects forex violations to the tune of Rs 700 crore between 2017 and 2019 through Capstone Forex Pvt Ltd, a small time full fledge money changer (FFMC), whose books showed a whopping 1800 per cent increase in its turnover in 2017-18, sources said.
Feb 13, 2020 · The Enforcement Directorate (ED) on Thursday said that it has busted a massive foreign exchange scam to the tune of Rs 700 crore involving Mumbai-based firm Capstone Forex Pvt Ltd, which allegedly bought foreign currency on fudged and forged air tickets and passports. Mumbai forex firm in ED net for forging tickets, passports to justify Rs 700-cr gain ED books Capstone Forex Private Limited for siphoning funds, after information about a 'sharp rise in revenue' brought it under suspicion. Amid expectation of the Enforcement Directorate (ED) issuing fresh summons to Edelweiss Group founder and chairman Rashesh Shah in connection with the alleged Rs 2,000 crore forex scam, he has released a letter denying any relationship between Edelweiss and Capstone Forex Pvt. Ltd.Get latest Finance online at cnbctv18.com Jan 12, 2020 · Edelweiss Group denied having any business relationship with Capstone Forex Pvt. Ltd., and debunked the allegations over its involvement in foreign exchange violations.“If any information is sought Edelweiss Group chairman Rashesh Shah appears before ED in forex scam case The ED is probing a firm named Capstone for forex violations. Edelweiss has denied any link to Capstone. The case pertains to allegations of irregularities related to Edelweiss group firms’ dealings with another firm, Capstone Forex Pvt Ltd. In a statement issued on Friday, however, Edelweiss
Welcome to Capstone Capstone was founded by specialists in the forex industry and investment bankers to provide forex, derivatives trading and related services to institutional and retail clients. Capstone aims to create a pure trading environment by 100% DMA, lower trading costs and better order execution.
Jan 12, 2020 · The summons was with regard to the dealings of M/s Capstone Forex Pvt. Ltd., a Mira Road, Mumbai’s distant suburb, registered company, the document showed. The notice said Shah was to attend ED Jan 14, 2020 · The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for foreign exchange rules violation. The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex Pvt Ltd. Feb 14, 2020 · The agency suspects forex violations to the tune of Rs 700 crore between 2017 and 2019 through Capstone Forex Pvt Ltd, a small time full fledge money changer (FFMC), whose books showed a whopping 1800 per cent increase in its turnover in 2017-18, sources said. Nov 13, 2020 · Capstone Trading Systems is a trading systems developer for strategies and portfolios of strategies for the futures markets. We develop diversity of market methodology. Jan 12, 2020 · The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex Pvt Ltd. Informing shareholders about the development, Shah said: "I am writing to you directly to Edelweiss Finance Services has denied allegations of a forex scam over which the Enforcement Directorate summoned Group founder and chairman Rashesh Shah on Thursday. The company acknowledged it had been asked to appear before ED and provide information about dealings with a company called Capstone Forex Pvt Ltd.
Rashesh Shah (born 30 September 1963) is an Indian businessman and the chairman and CEO of the Edelweiss Group, one of India's leading diversified financial services …
On Sunday, in a statement released to media, Shah said, "Edelweiss has no relationship with Capstone Forex Pvt Ltd and all allegations of FEMA violations are false." Feb 13, 2020 Capstone Global is a group of companies which include Capstone Global Australis Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 95 612 024 889, AFS License No. 494799) and Capstone … New Delhi: The Enforcement Directorate (ED) has tightened its grip on Capstone Forex Private Limited, a Mumbai-based firm, for allegedly purchasing Rs 700 crore worth of forex (foreign exchange) within 1.5 years via layers of shell companies. The ED’s investigation has found that the company allegedly fudged air tickets and passports to buy forex… Amid expectation of the Enforcement Directorate (ED) issuing fresh summons to Edelweiss Group founder and chairman Rashesh Shah in connection with the alleged Rs 2,000 crore forex scam, he has released a letter denying any relationship between Edelweiss and Capstone Forex Pvt. Ltd…
Jan 11, 2020
Capstone Forex Private Limited has been purchasing foreign exchange and foreign currencies from the other AD banks, other FFMC's by using the funds received by them in their bank accounts," the