Summary:
It is too premature to divulge details.”In Uttarakhand, forex exchange firms have been under the radar of the ED since some time. Forex trading was the main activity of the firm and it was also registered with RBI as an authorized foreign currency exchanger in Dehradun. The sources added that Wednesday’s raid had focused primarily on getting the details of the transactions recorded in the firm’s books. Last year, too, the enforcement agency had raided a firm (Kumar Forex) which was alleged to be operating without legitimate documents.Meanwhile, sources said that OHM Forex had been in the business since 2006. DEHRADUN: Enforcement Directorate (ED) officials on Wednesday raided the shop and home of a prominent foreign money exchange agent in the city and seized whet they termed were “incriminating documents related to a forex fraud running into lakhs of rupees.”A team of ED officials accompanied by police personnel simultaneously carried out the raids at the office of OHM Forex situated at Rajpur road and the proprietor’s residence on Tyagi road.Speaking with TOI, Karnail Singh, the official supervising the raids, said: “Our search operations will continue for some time..