iX Global top earner Viraj Patil arrested in India

#1

Oz

Dec 25th, 2023 at 11:27 pm (Q)

Is Martinez still running around denying he’s a wanted fugitive in India?

Perhaps he can fly over there to sort things out… *grabs bag of popcorn & crosses fingers*

#2

Melanie from Germany

Dec 26th, 2023 at 12:43 am (Q)

Indian authorities claim iX Global and TP Global FX laundered at least $25 in stolen investor funds.

A ridiculously small sum. I plead for acquittal. 😀

#3

Oz

Dec 26th, 2023 at 12:29 pm (Q)

Thanks for catching that Melanie. And Merry Christmas y’all!

#4

Ramesh K

Dec 26th, 2023 at 7:48 pm (Q)

Joseph Martinez also looks trapped in mumbai or outskirts. he posted himself on marine drive in mumbai, india on Saturday.

looks like hard times for him now.

#5

Oz

Dec 26th, 2023 at 7:59 pm (Q)

Posted where?

edit: I see there’s an event clip posted on Martinez’s Instagram 4 days ago. Hindi translator and he mentions travelling through Mumbai in the clip.

If Martinez is in Dubai and police have nabbed Patil, surely he’s next? Wonder why they let him in the country begin with.

Also explains if he arrived first, why Patil might have figured he was safe.

#6

Oz

Dec 26th, 2023 at 8:13 pm (Q)

No date of recording on that clip. Interesting update nonetheless.

I guess we’ll find out soon enough if Martinez was firstly in Mumbai and when, and whether he escaped arrest.

He did update his personal FaceBook page yesterday (cover photo update).

#7

Harsh Parmar

Dec 27th, 2023 at 9:41 pm (Q)

What about the money of the customers/clients/ customers of the ixglobal and tpglobal fx will they get the money..???

Update if anyone has some news.

#8

Oz

Dec 27th, 2023 at 9:42 pm (Q)

Invested funds were laundered off to Dubai. Good luck with that.

#9

stefan buchholz

Dec 30th, 2023 at 1:18 am (Q)

what about the rest of the bums @ debt box listed in SECs original suit… will justice be served on them?

#10

Oz

Dec 30th, 2023 at 8:59 pm (Q)

In India? That’s up to Indian authorities.

#11

stefan buchholz

Dec 31st, 2023 at 2:49 am (Q)

no the USA.

#12

Borna

Jan 3rd, 2024 at 3:13 pm (Q)

does Viraj will be convicted ? I wonder why he came back ? Maybe UAE police forced him to leave.

#13

Oz

Jan 3rd, 2024 at 11:24 pm (Q)

Indian criminal proceedings are difficult to follow outside of sporadic media reports.

Given the time of year, it’s pretty obvious holiday travel.

#14

Borna

Jan 5th, 2024 at 3:09 am (Q)

Chatgpt estimated 3 to 7 years of jail in this case .
In the videos ,Viraj is wearing a informal pants and slippers ,probably he was deported

#15

Oz

Jan 5th, 2024 at 9:35 am (Q)

Don’t use ChatGPT for anything meaningful.

Viraj is an Indian national. Where is India going to deport him to?

#16

Borna

Jan 5th, 2024 at 5:18 pm (Q)

He was residing in Dubai ,UAE probably deported him ,it’s impossible he go to trip with slippers.

his is accused with multiple HUGE crimes which I’d fraud, money laundry, illegal FX trading, and Ponzi Scheme. also scale of crime was more than 20 million USD and thousands of complaints.

Everything is in order for a hefty punishment and jail.

#17

Oz

Jan 5th, 2024 at 5:20 pm (Q)

Yes but living in Dubai is crap. Spending holiday time there is even crappier.

Stay in Dubai long enough and you start to think authorities have forgotten about you (even though it doesn’t work like that).

I can’t say for sure Patil wasn’t deported from UAE but he wasn’t the only scammer to be arrested not wanting to spend Christmas/NYE in Dubai last year.

#18

AntiMLM

Jan 5th, 2024 at 8:46 pm (Q)

Borna:
Chatgpt

Siderant:

ChatGPT has no logic or intelligence of its own, it’s a model that places the most correct *sounding* words in sequence based on the material it was trained on.

If you pair LLMs against pretty standard exams with a mix of logic and parrot-work it’ll score in the 50%’s – not something i’d hedge my bets on.

#19

BORNA

Jan 5th, 2024 at 9:22 pm (Q)

I know Viraj personally. he was a nice guy, very nice guy. I was not aware of his huge accusement.

I searched and according to India law, thete will be at least 3 years of jail for money laundry. I guess he is “gone with the wind”.

#20

Don we

Jan 5th, 2024 at 10:03 pm (Q)

ML Case No. 01 of 2023

27____ 02.01.2024

1. Record is received from the Court of Ld. CMM, Calcutta vide memo No. 15 dated 02.01.2024.

As per the forwarding memo the record contains 194 sheets (counting page No. 1 to 192 pages and Page 2A & 2B).

D/C. by me.

Judge-in charge Judge-in charge

Spl. CBI Court-1 Spl. CBI Court-1

J.O. Code No. WB 00739 J.O. Code No. WB 00739

Later

1. Today is fixed for production of the accused person.

2. Accused person Viraj Suhas Patil is produced before this Court from ED custody along with medical examination reports.

3. Ld. Spl. PP for ED namely Arijit Chakrabarti & Bhaskar Prosad Banerjee and Ld. Advocate for the accused person are present.

4. For the ED a petition is filed u/s 167 Cr.P.C praying for further remand of 6 days of the accused in ED custody.

5. For the accused person a petition is filed opposing the prayer for further remand and consequential relief of bail.

6. Ld. Advocate for the accused advanced his argument at length. It is submitted that the arrest itself is illegal. Referring to a copy of one medical examination report dated 24.12.2023 at 12:05 hours at Chhatrapati Shivaji Maharaj International Air Port Mumbai, it is submitted that the medical examination was done as per the law after arrest.

It is to be presumed that the accused was arrested before the medical examination is done and it was conducted under Section 53 Cr.P.C.

The accused was produced before the Court of Ld. CMM, Calcutta on 25.12.2023. It is apparent that within 24 hours of the arrest the accused was not produced before the Court.

It is a case of violation of section 57 Cr.P.C as well as Section 167 Cr.P.C. The direction of the Hon’ble Apex Court is grossly violated in this matter.

Further referring to the copy of medical examination report dated 25.12.2023 at 02:15 P.M it is submitted that this document goes to establish that within 24 hours of arrest the accused is not produced before the Court.

Accordingly, the detention is illegal and consequentially, the accused is entitled to bail.

7. Touching the merit of this case, it is submitted that in the prosecution complaint already filed in this case on 06.04.2023 there is no reference of this accused. He has not been summoned for interrogation.

All on a sudden, he is arrested by taking him in surprise on reaching the Air Port. He has no nexus with the instant case.

He has cooperated with the other investigating agency virtually and submitted all and any document sought for. He is ready to cooperated the investigating agency. Accordingly, the prayer for bail should be allowed on any condition.

8. Ld. Spl. PP submitted that the investigating agency got the information about his detention at the Air Port on 24.12.2023 at about 10:30 A.M.

The I.O immediately booked his flight ticket and flown to Mumbai. He reached there in the evening and by 08:30 P.M the I.O got his first access to the accused.

Prior to that he got no opportunity of making any communication with the accused after his detention at the Air Port.

9. It is submitted that previously, summons was sent to the accused but he did not appear before the I.O for the purpose of interrogation. The accused did not at all cooperate the I.O for investigation .

Contd.. (2)

10. During investigation it is found that there is regular transfer from various accounts to the accounts of IX Global, controlled, operated and managed by this accused.

It is shown that for the purpose of illustration an amount of Rs. 7549529/- is found deposited in the account of IX Global through various sham bank accounts.

The investigation further revealed that through various accounts money was collected for IX Global.

11. In view of the materials already collected during investigation, at Mumbai Air Port itself statement of the accused was started to be recorded on 24.12.2023.

In course of interrogation it was found that the accused was not cooperating and on the basis of materials already collected by that time, the I.O. got his reason for arrest on the basis of his prima facie involvement with the offence of money laundering.

Thereafter, at 04:00 hours on 25.12.2023 the accused was arrested. The I.O complied with all the legal formalities at the time of arresting the accused and took him back to Kolkata.

He was medically examined at 12:15 P.M by the medical officer of Salt Lake SD Hospital and thereafter produced before the Court of Ld. CMM, Calcutta.

12. It is very emphatically argued that in view of the chain of events it will be found apparent that there is no violation of any direction of the Hon’ble Court or any statutory provision.

13. It is submitted that for the purpose of confronting the accused person with statements already recorded and with digital evidence, further remand of the ED is necessary for the interest of justice.

It is prayed that further 6 days remand be allowed to the ED custody.

14. Considered the rival submissions. On the face of the record it is apparent the accused person did not appear to comply the summons sent to him by the I.O. He was all along being staying abroad.

To unearth the money trail further interrogation may be necessary for the investigating agency. In event of his release on bail, the possibility of his absconding cannot be ruled out.

The allegation against the instant accused is for the offence of money laundering which is very serious offence by its nature.

Considering all these facts and circumstances the prayer for bail stands rejected and the prayer for further ED remand is allowed for six days in the interest of investigation.

Thus, the petitions under consideration are disposed of.

15. Accordingly, let the accused be handed over to the I.O. The I.O. is directed to produce him before this Court on 08.01.2024.

During the further remand period shall not be subjected to any coercive action and the direction of the Hon’ble Apex Court in this regard must be strictly adhered to.

16. Let a copy of this order be made available to the I.O. through Ld. Spl. PP for information and compliance.

D/C. by me.

Judge-in charge Judge-in charge
Spl. CBI Court-1 Spl. CBI Court-1
J.O. Code No. WB 00739 J.O. Code No. WB 00739

as per the interim order the ed presented to the court that the money from sham accounts was deposited in the accounts of ix global .
Does the director of the company JOSEPH MARTINEZ know nothing about it ? will soon find out if the money from sham accounts made way to indian company and then to the US company.

END IS NEAR

#21

Oz

Jan 6th, 2024 at 12:20 am (Q)

^^ Some interesting context to Patil’s arrest in that court docket. Thanks for sharing.

If they aren’t already, one hopes US and Indian authorities are working together.

#22

Borna

Jan 6th, 2024 at 12:59 am (Q)

@Don we : please explain more .what do you mean exactly by “end is near” ?

also please share your own prediction about his penalty and what will happen to him and IX global.

#23

MLM KING

Jan 6th, 2024 at 10:57 am (Q)

According to sources : Viraj Patil and Martinez were down in India to attend Savio Pereira’s wedding, who is also amongst top earners in IX Global.

#24

don we

Jan 6th, 2024 at 3:21 pm (Q)

Arrest warrant for viraj patil and joseph Martinez soon from a federal agency.

am in dubai for a couple of days and then move to the US to speak with my contacts in the agency there.

mlm king – Joseph Martinez can never come to india with a notice against him.

#25

Borna

Jan 6th, 2024 at 4:18 pm (Q)

@Don We
1-what happens if he pay bribe to Indian authoroties and get back to Dubai again ?
2- do you mean arrest warrant by US ( Department of the Treasury’s Financial Crimes Enforcement Network) ?
3-i would like to know your own point of view (prediction) about what happens to him or IX global ?
4-what had happened to similiar scammers in the past in India?

#26

Borna

Jan 6th, 2024 at 4:25 pm (Q)

@OZ
what isinteresting exactly about court docket ?

#27

Oz

Jan 6th, 2024 at 4:30 pm (Q)

The bits we didn’t know about. Also your questions to Don We are getting a bit tedious.

1. what happens if Patil grows unicorn wings and flies off to Mars?

2. FINCEN don’t issue arrest warrants.

3. iX Global will limp along before inevitably collapsing. The only reason anyone signed up was because of the advertised returns.

4. They either go to jail or are granted bail and disappear again.

#28

Borna

Jan 6th, 2024 at 4:48 pm (Q)

@OZ

thaks for reply.

if it’s not a tedious question ,a financial fraud of 110 million USD with thousands of complaints, can not be ignored easily and grant it a bail.

i wonder how many families suffered due to this nice guy (Viraj) fraud.

#29

Oz

Jan 6th, 2024 at 4:49 pm (Q)

Satish Kumbhani stole billions through BitConnect. India’s finest granted him bail twice.

Kumbhani remains a wanted fugitive on the run. Current whereabouts are unknown (assumed to be Dubai).

#30

Borna

Jan 6th, 2024 at 4:53 pm (Q)

almost similiar case in India sentenced to 8 years of jail:

Saradha Group Financial Scandal: This was a major financial scandal involving a Ponzi scheme. The founder and CEO of Saradha Group, Sudipto Sen, along with his associate Debjani Mukherjee, has faced more than 8 years in jail.

This case involved a scheme that promised high returns and collected money from several small investors.

#31

Borna

Jan 6th, 2024 at 4:56 pm (Q)

In India, the punishment for money laundering is governed by the Prevention of Money Laundering Act, 2002 (PMLA).

The act stipulates imprisonment and monetary penalties for offenders. The term of imprisonment can range from three years to ten years, depending on the severity and specifics of the crime. Additionally, there is a monetary penalty, which can be substantial.

#32

Oz

Jan 6th, 2024 at 4:56 pm (Q)

Sure. What I’m getting at is trying to preemptively figure out what the Judge will do with Patil is, at this stage, pointless.

He’ll either be granted bail and disappear or be held in custody.

#33

DON WE

Jan 7th, 2024 at 9:09 pm (Q)

NO BAIL FOR VIRAJ SUHAS PATIL ON THE 8TH OF JANUARY .

ED has found the connection between ix global and tp global because of the bank transfers.

summons if not already to be sent to Joseph Martinez .

complains being filed by victims in police stations across the country .

I am off to the US today.

#34

Mavie Hund

Jan 10th, 2024 at 3:58 pm (Q)

Indians treat their guests nicely.

now VP will eat vitamins and sing.

ML Case No. 01 of 2023

28____06.01.2024

1. Record is put up by petition along with a separate petition filed by Ld. Advocate on behalf of accused Viraj Suhas Patil.

2. Copy served.

3. Ld. Spl. PP for ED namely Arijit Chakrabarti & Bhaskar Prosad Banerjee are present.

4. At the instance of accused VirajSuhasPatilwho is presently in ED custody, Ld. Advocate for the accused person submitted that the accused person is undergoing Hormone replacement therapy and he requires regular dosages of Vitamins D, C and Calcium suppliments.

Supporting documents for the same are in the applicant’s Mobile phone which is seized and in possession of the ED.

5. It is further submitted that unless the dosages of the Vitimans are not made available it will have adverse effect on the health of the accused person.

Accordingly, it is prayed that the Vitamins to be consumed by the accused.

6. Ld. Spl. PP submitted that during the remand period he is regularly examined by the Doctors and subject to the permission of the Doctos such medicines may be made available to him from his bag.

7. Mr. A. Khanna, ALA, is present before the Court and he undertook on behalf of ED that he shall communicate the matter to the I.O. for bringing it to the notice of the Medical Officer at the time of medical examination of the accused and if the Medical Officer permits and advises to consume the medicines the accused person shall be provided with it.

8. Hence, the matter is disposed of.

9. Let a copy of this order be made available to the I.O. through Ld. Spl. PP for information.

D/C. by me. Judge-in charge Judge-in charge

Spl. CBI Court-1 Spl. CBI Court-1

J.O. Code No. WB 00739 J.O. Code No. WB 00739

#35

Oz

Jan 10th, 2024 at 4:41 pm (Q)

the accused person submitted that the accused person is undergoing Hormone replacement therapy and he requires regular dosages of Vitamins D, C and Calcium suppliments.

Sounds like lil bro was on the gear. I suppose fake body fits with fake income through a fake business in a fake city.

#36

Mavie Hund

Jan 10th, 2024 at 7:28 pm (Q)

Will he not get whey protein supplements too in jail like others ?

hope the brand of protein is also available on his mobile .

will that be state sponsored or will that be from the money of victims ?

Looks like Joe Martinez got him trapped alone .

#37

Oz

Jan 10th, 2024 at 7:28 pm (Q)

You have to be doing a bit more than slamming protein shakes to need hormone replacement therapy.

#38

Mavie Hund

Jan 10th, 2024 at 7:50 pm (Q)

Viraj Suhas Patil got his doctorate from Aztec university

digitaljournal.com/pr/viraj-patil-from-0-to-invoiced-more-than-7833000-usd-last-year

univ-azteca.edu.mx/honorary-doctorates/

univ-azteca.edu.mx/having-a-doctoral-degree/

#39

Mavie Hund

Jan 10th, 2024 at 7:53 pm (Q)

surprising to me since they have not asked for bail and instead asking for vitamins from his bag.

Hope the supplements do not contain something which get him asking for hospital and then absconding .

in the video the bag was shown which also contained necklaces and earrings . Wonder for who ?

#40

AntiMLM

Jan 10th, 2024 at 8:10 pm (Q)

Oz:
You have to be doing a bit more than slamming protein shakes to need hormone replacement therapy.

Given he considers himself a little gymbro he’s probably on the T.

#41

catweazle

Jan 10th, 2024 at 8:15 pm (Q)

AntiMLM: Given he considers himself a little gymbro he’s probably on the T

Must be not so funny being in prisn and horny all day from the T injections.

#42

Mavie Hund

Jan 12th, 2024 at 8:32 pm (Q)

Press Release 12.01.2024

Directorate of Enforcement (ED) has conducted searches under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in Kolkata on 11/1/2024 which leads to freezing of Rs. 64 Lakh in Bank Accounts and Crypto Currency mainly BTC 1.46 (equivalent to Rs 57 Lakh as on date) lying in crypto wallet in the Binance Crypto Exchange in the case of TM Traders and KK Traders.

ED initiated investigation on the basis of FIR registered by Kolkata Police under various sections of IPC, 1860 against M/s TM Traders and M/s KK Traders.

As per Reserve Bank of India (RBI), TP Global FX is neither registered with RBI nor does it have any authorisation from RBI for forex trading.

The RBI has also issued an Alert List including the name of TP Global FX vide press release dated 07.09.2022, which was published to caution general public against unauthorised
trading platforms.

ED investigation revealed that Prasenjit Das, Shailesh Kumar Pandey, Tushar Patel and other persons through various dummy companies/firms/entities, defrauded the public under the guise of making investments in forex trading by using the platform/website of TP Global FX.

These funds were subsequently used in purchase of movable/immovable properties for personal gains/benefits of accused persons.

The members/user of IX global use the brokerage services of TP Global FX to do their forex trading. IX Global got the Proceed of crime in promoting TP Global FX and is promoted by Viraj Suhas Patil and Joseph Martinez.

Earlier, ED had arrested Shailesh Kumar Pandey, Prasenjit Das and Viraj Suhas Patil, who are presently under Judicial Custody in the Alipore Jail, Kolkata.

In this case, Rs 121.16 Crore was frozen lying in Bank Accounts u/s 17(1A) of PMLA, Properties worth Rs 121.23 Crore in the nature of cash, gold, flat, hotel and resorts & vehicles, have been attached, and Prosecution Complaints has been filed against Shailesh Kumar Pandey and Prasenjit Das and Cognizance of the offence of money laundering has been taken by Hon’ble Special Court (PMLA).

Further investigation is under progress.

enforcementdirectorate.gov.in/sites/default/files/latestnews/Press%20Release%20TP%20Global%20FX%2012-01-2024.pdf

#43

Oz

Jan 13th, 2024 at 12:31 am (Q)

Thanks for the update.

#44

Birn

Jan 13th, 2024 at 4:38 pm (Q)

This press release shows Patil’s crime is serious. also i guess investigation takes at least a few months and due to this level of crime, he will remain in jail and there will be no bail.

#45

Borna

Jan 15th, 2024 at 3:17 am (Q)

In July 2022, according to data shared by the union government in Parliament, only 23 people have been convicted in 5,422 cases registered under the Prevention of Money Laundering Act (PMLA)[5] in the 17 years after the law was passed, which is a conviction rate of less than 0.5%.

Where as the national conviction rate in India for offences of the Indian Penal Code is 57.0% in 2021.[6].

As it turns out very small percentage of accused persons by ED are convicted in the court . So probably Viraj Patil will be back to Dubai soon.

#46

Dev

Jan 16th, 2024 at 6:56 pm (Q)

Yesterday we got mail from TP GLOBAL regarding change of trading server MT5 and MT4. Any idea why all such activities?

#47

Oz

Jan 16th, 2024 at 8:53 pm (Q)

The guy running the show being arrested in India?

#48

Mavie Hund

Jan 29th, 2024 at 7:49 pm (Q)

Viraj Patil has been taken in custody for 14 days by Bank fraud department (loaned from the ED)

Joseph Martinez changes the name of IX GLOBAL to ONE X

#49

Borna

Jan 29th, 2024 at 10:52 pm (Q)

@Mavie Hund

what does it mean ? he will be free after 14 days of custody or he will be back to jail for further investigation by ED ?

how do you follow up news and updates about him ?

#50

Mavie Hund

Jan 30th, 2024 at 2:11 pm (Q)

@Borna – Ed will take him back into custody after the tenure and produce him in court for extension of custody.

meanwhile got to see from the SEC:

According to Zaki, beyond the $1.35 million of investor funds that the Commission identified as having been transferred to IX Ventures FZCO’s foreign bank account as of December 2022, there were additional investor funds, beginning in 2021, in two foreign bank accounts of entities affiliated with certain Defendants. (Welsh Decl. ¶ 21;
Dkt. 168-1 Ex. B.)

There was approximately $650,000 of investor funds in Digital Commodity House, FZCO’s foreign bank account and $3.7 million in Vertex Global FZCO LLC’s foreign bank account. (Welsh Decl. ¶ 21.)

Staff understood Defendants had used at least one of those entities to facilitate DEBT Box’s operations. (Id.)

VIRAJ PATIL IS THE CEO OF VERTEX GLOBAL as per his own admission in a newspaper article he paid and published in live mint:

livemint.com/market/cryptocurrency/what-are-the-latest-advancements-in-the-crypto-mining-industry-and-how-might-they-shape-the-future-of-mining-11679483695675.html

IX VENTURES FZCO belongs to Joseph Martinez and ………….. Guess who ?

#51

GLOBAL BUBBLE TROUBLE

Jan 30th, 2024 at 10:25 pm (Q)

ML Case No. 01 of 2023
CNR WBCS 0100013220223
30____22.01.2024
1. Accused is Viraj Suhas Patil is produced from police custody in connection with Hare Street PS DD case No. 290 dated 14.10.2022 u/s 12B/420/467/468/471 IPC.

2. Ld. Spl. PP Arijit Chakrabarti representing for the State (ED) is present. He also files an application seeking further judicial custody of the accused u/s 167(2) Cr.P.C r/w Section 65 and 19(3) PMLA, 2002.

3. ED also files written objection against the petition filed by the accused seeking permission to bring on record retraction of the statement of self incriminating statements made during ED custody.

4. The petioner/accsued, at this stage, seeks the leave of the Court not to press the petition.

Accordingly, the petition dated 08.01.2024 stands rejected as not pressed.

5. The accsued be remanded to judicial custody till 05.02.2024. To date for production from J/C.

D/C. by me.
Judgeincharge Judgein
charge
Spl. CBI Court1
Spl. CBI Court1
Calcutta Calcutta
J.O. Code No. WB 00744 J.O. Code No. WB 00744

#52

Don We

Feb 2nd, 2024 at 5:39 pm (Q)

CHECK 10TH POINT IN THE COURT ORDER AND EVIDENCE BY ENFORCEMENT

10. During investigation it is found that there is regular transfer from various accounts to the accounts of IX Global, controlled, operated and managed by this accused.

It is shown that for the purpose of illustration an amount of Rs. 7549529/- is found deposited in the account of IX Global through various sham bank accounts.

The investigation further revealed that through various accounts money was collected for IX Global.

ML Case No. 01 of 2023
27____ 02.01.2024

1. Record is received from the Court of Ld. CMM, Calcutta vide memo No. 15 dated 02.01.2024. As per the forwarding memo the record contains 194 sheets (counting page
No. 1 to 192 pages and Page 2A & 2B).

D/C. by me.

Judge-in charge Judge-in charge

Spl. CBI Court-1 Spl. CBI Court-1

J.O. Code No. WB 00739 J.O. Code No. WB 00739

Later

1. Today is fixed for production of the accused person.

2. Accused person Viraj Suhas Patil is produced before this Court from ED custody along with medical examination reports.

3. Ld. Spl. PP for ED namely Arijit Chakrabarti & Bhaskar Prosad Banerjee and Ld. Advocate for the accused person are present.

4. For the ED a petition is filed u/s 167 Cr.P.C praying for further remand of 6 days of the accused in ED custody.

5. For the accused person a petition is filed opposing the prayer for further remand and consequential relief of bail.

6. Ld. Advocate for the accused advanced his argument at length. It is submitted that the arrest itself is illegal.

Referring to a copy of one medical examination report dated 24.12.2023 at 12:05 hours at Chhatrapati Shivaji Maharaj International Air Port Mumbai, it is submitted that the medical examination was done as per the law after arrest.

It is to be presumed that the accused was arrested before the medical examination is done and it was conducted under Section 53 Cr.P.C.

The accused was produced before the Court of Ld. CMM, Calcutta on 25.12.2023.

It is apparent that within 24 hours of the arrest the accused was not produced before the Court.

It is a case of violation of section 57 Cr.P.C as well as Section 167 Cr.P.C. The direction of the Hon’ble Apex Court is grossly violated in this matter.

Further referring to the copy of medical examination report dated 25.12.2023 at 02:15 P.M it is submitted that this document goes to establish that within 24 hours of arrest the accused is not produced before the Court.

Accordingly, the detention is illegal and consequentially, the accused is entitled to bail.

7. Touching the merit of this case, it is submitted that in the prosecution complaint already filed in this case on 06.04.2023 there is no reference of this accused. He has not been summoned for interrogation.

All on a sudden, he is arrested by taking him in surprise on reaching the Air Port. He has no nexus with the instant case. He has cooperated with the other investigating agency virtually and submitted all and any document sought for.

He is ready to cooperated the investigating agency. Accordingly, the prayer for bail should be allowed on any condition.

8. Ld. Spl. PP submitted that the investigating agency got the information about his detention at the Air Port on 24.12.2023 at about 10:30 A.M.

The I.O immediately booked his flight ticket and flown to Mumbai. He reached there in the evening and by 08:30 P.M the I.O got his first access to the accused.

Prior to that he got no opportunity of making any communication with the accused after his detention at the Air Port.

9. It is submitted that previously, summons was sent to the accused but he did not appear before the I.O for the purpose of interrogation. The accused did not at all cooperate the I.O for investigation.

Contd.. (2)

10. During investigation it is found that there is regular transfer from various accounts to the accounts of IX Global, controlled, operated and managed by this accused.

It is shown that for the purpose of illustration an amount of Rs. 7549529/- is found deposited in the account of IX Global through various sham bank accounts.

The investigation further revealed that through various accounts money was collected for IX Global.

11. In view of the materials already collected during investigation, at Mumbai Air Port itself statement of the accused was started to be recorded on 24.12.2023.

In course of interrogation it was found that the accused was not cooperating and on the basis of materials already collected by that time, the I.O. got his reason for arrest on the basis of his prima facie involvement with the offence of money laundering.

Thereafter, at 04:00 hours on 25.12.2023 the accused was arrested.

The I.O complied with all the legal formalities at the time of arresting the accused and took him back to Kolkata. He was medically examined at 12:15 P.M by the medical officer of Salt Lake SD Hospital and thereafter produced before the Court of Ld. CMM, Calcutta.

12. It is very emphatically argued that in view of the chain of events it will be found apparent that there is no violation of any direction of the Hon’ble Court or any statutory provision.

13. It is submitted that for the purpose of confronting the accused person with statements already recorded and with digital evidence, further remand of the ED is necessary for the interest of justice. It is prayed that further 6 days remand be allowed to the ED custody.

14. Considered the rival submissions. On the face of the record it is apparent the accused person did not appear to comply the summons sent to him by the I.O.

He was all along being staying abroad. To unearth the money trail further interrogation may be necessary for the investigating agency.

In event of his release on bail, the possibility of his absconding cannot be ruled out. The allegation against the instant accused is for the offence of money laundering which is very serious offence by its nature.

Considering all these facts and circumstances the prayer for bail stands rejected and the prayer for further ED remand is allowed for six days in the interest of investigation. Thus, the petitions under consideration are disposed of.

15. Accordingly, let the accused be handed over to the I.O. The I.O. is directed to produce him before this Court on 08.01.2024. During the further remand period shall not be subjected to any coercive action and the direction of the Hon’ble Apex Court in this regard must be strictly adhered to.

16. Let a copy of this order be made available to the I.O. through Ld. Spl. PP for information and compliance.

D/C. by me.
Judge-in charge Judge-in charge
Spl. CBI Court-1 Spl. CBI Court-1
J.O. Code No. WB 00739 J.O. Code No. WB 00739

#53

Oz

Feb 2nd, 2024 at 10:00 pm (Q)

@Don

Multiple aliases = spambin.

#54

Borna

Feb 2nd, 2024 at 10:17 pm (Q)

can someone explain what does it mean?

i read whole of it but didn’t get the point. he will have a bail or he will be in Jail?

#55

Oz

Feb 2nd, 2024 at 11:38 pm (Q)

Patil remains in custody for another six days from February 1st.

Patil might have gotten bail but being a scammer on the run and not cooperating with authorities seems to have weighed against him.

#56

Borna

Feb 3rd, 2024 at 7:14 pm (Q)

If he will have bail ,he can have access to funds he had stolen and transfer them in format of Crypto currency .his phone is seized so after bail he xan do it !

#57

Don We

Feb 3rd, 2024 at 8:57 pm (Q)

@borna – Why do you think he will transfer stolen funds ?

Do you think he would store his wallet on the mobile he carries ?

To whom ? Victims ? Are you too a victim ?

#58

Borna

Feb 3rd, 2024 at 11:22 pm (Q)

Because his accounts are frozen ,the only way he can manage it ,is via Crypto i guess. I meant hiding stolen funds .I know him personally ,met once ,he was a nice guy but i was surprised he was a scammer in the news !
I’m not a victim .also not a friend .but I read thousands of people lost their money because of him .he should be in jail

#59

Dev

Feb 4th, 2024 at 10:41 am (Q)

Viraj must have known that he was about to be arrested. This was not an accidental arrest.

If he had plan to give money to the victims, he would have given it long ago while living in Dubai.

It seems that there is something wrong with all the activities currently going on. Corruption is on its peak everywhere.

#60

Dev

Feb 4th, 2024 at 10:43 am (Q)

Some people have soft corner for Viraj Patil, because they haven’t been suffered.

#61

Borna

Feb 4th, 2024 at 11:04 pm (Q)

i guess he will bribe offiacials and will get out via bail . but i’m not sure if he can get ut of India

#62

Dev

Feb 5th, 2024 at 8:45 am (Q)

He is safe in Police custody. He must not wanted to get release from Police custody.

I do not think he will get bail.

#63

Mavie Hund

Feb 7th, 2024 at 1:18 pm (Q)

Joseph Martinez blaming the “indian team” for the scam regarding tp global fx despite of clearly making money by selling subscriptions of the forex trading bots “fibo5” @ US$115/145/185 per month.

what else about crypto land? the debt box? and driven trading?

#64

Oz

Feb 7th, 2024 at 1:20 pm (Q)

Martinez knew what how IX Global was being promoted in India. He didn’t care because money.

Martinez throwing Indian iX Global distributors under the bus doesn’t absolve him of legal responsibility for fraud.

#65

Mavie Hund

Feb 7th, 2024 at 2:59 pm (Q)

any comments on this?

youtu.be/siJfASzcEdI?si=BB0VKdNjobTSacsg

are wrong dates enough to throw out the case ? does it mean no fraud on the part of Joe?

didn’t he say that he made sure that the claims by debt box were correct (during a podcast)?

why was money transferred to ix ventures fzco and vertex global?

do you know that ix ventures , vertex global and digital commodity house are all registered in Dubai silicon oasis?

#66

Oz

Feb 7th, 2024 at 11:32 pm (Q)

any comments on this?

The SEC has already told the court it will re-evaluate with the newly appointed Senior Trial Attorneys. This will likely lead to a refiling with these attorneys in charge.

INAL but they obviously figured continuing with the existing Complaint wasn’t the best legal strategy.

Given iX Global’s and Debt Box’s securities fraud has been pegged at $110 million, don’t see them walking away (although it could happen).

#67

Sheik

Feb 20th, 2024 at 1:27 pm (Q)

Opulence fx is promoted to investors by the promoters of ix global after tp global stopped honouring withdrawals.

investors in ix had to pay for the 28 day subscription for 4-5 months because they were promised that they will get their principal amount back if they did.

Joe is denying ever promoting also trading bots while his video with others from 2021 is being circulated in various telegram channels along with his video claiming USD 20-50 per day from investing in crypto land.

#68

Mavie Hund

Feb 21st, 2024 at 5:54 pm (Q)

viraj suhas patil custody extended to 22-03-2024.

looks like ix is not moving for bail in india . what went wrong with patil claiming that he was just a member while Joe claiming that the indian guys were responsible for forex trading on twitter ( wonder who are the indian guys in the company where Joe Martinez is a director).

#69

Borna

Feb 21st, 2024 at 11:31 pm (Q)

Acoording to Indian law :

Punishment Imposable under the Act

Under the Prevention of Money Laundering Act, the punishment for the crime of money laundering is as follows:

Imprisonment: “The offender can face imprisonment for not less than three years”, extending up to seven years. In some instances where the crime involves specified offenses, imprisonment can extend up to 10 years.

#70

Banerjee a

Feb 23rd, 2024 at 7:53 pm (Q)

ML Case No. 01 of 2023

33 19.02.2024

1. Accused Viraj Suhas Patil is produced from J/C (Jail Custody)

2. Complainant Nishant Neeraj, Assistant Director, Enforcement Directorate, Kolkata Zonal Office, CGO Complex, 3rd MSO Building, 6th Floor, DF Block, Salt Lake, Kolkata700 064 files 1st supplementary complaint under Section 44 r/w Section 45 of Prevention of Money Laundering Act, 2002 against the accused persons

(1) Shri Prasenjit Das

(2) Shri Shailesh Kumar Pandey,

(3) M/s. Verozi Hotels & Hospitality Pvt. Ltd.,

(4) M/s Avonarc Infra Pvt. Ltd.,

(5) M/s Nexateq Innovation Pvt. Ltd.,

(6) M/s Grovanta Agro Pvt. Ltd.,

(7) M/s Actileaf Agro Pvt. Ltd.,

(8) M/s. TPG Commercials Pvt. Ltd. &

(9) Shri Viraj Suhas Patil for the offence committed under Section 3 r.w Section 70 punishable under Section 4 of PML Act, 2002.

3. Ld. Spl. PP for ED Mr. Bhaskar Prosad Banerjee & Mr. Arijit Chakrbarti are present.

4. I.O of this case is also present with the CD.

5. Heard Ld. Spl. PPs for the ED.

6. The complainant is a public servant, Assistant Director of ED, Government of India and duly authorised by Central Government to file complaint u/s 44 of the PML Act, 2002,

7. On perusal of this subsequent complaint and documents annexed thereto, I find that a prima facie case under Section 3 r/w Section 70 punishable under Section 4 of the of the PML Act has been made out against accused No. (9) Shri Viraj Suhas Patil.

Accordingly, cognizance is taken under Section 44(1)(b) of the Act.

8. Copy of complaint is served to accused Viraj Suhas Patil after taking acknowledgment of receipt.

10. Fix 22.03.2024 for production of accused, Viraj Suhas Patil and supply of RUD (not FUD as made famous by the DEBT BOX moderators on telegram channels).

D/C by me
Judge, Judge,
Special (CBI) Court No. 1, Special (CBI) Court No. 1,
Calcutta. Calcutta.
J.O. Code No. WB 00744 J.O. Code No. WB 00744

Section 4 in The Prevention of Money-Laundering Act, 2002

4. Punishment for money-laundering.

– Whoever commits the offence of money-laundering shall be punishable with rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine [***] [Wrods “which may extend to five lakh rupees” ommtted by Act No. 2 OF 2013]:

Provided that where the proceeds of crime involved in money-laundering relates to any offence specified under paragraph 2 of Part A of the Schedule, the provisions of this section shall have effect as if for the words which may extend to seven years, the words which may extend to ten years had been substituted.

#71

Oz

Feb 23rd, 2024 at 9:02 pm (Q)

10. Fix 22.03.2024 for production of accused, Viraj Suhas Patil and supply of RUD (not FUD as made famous by the DEBT BOX moderators on telegram channels).

Uh, this is from an actual court order? *presses doubt*

#72

banerjee a

Feb 23rd, 2024 at 9:50 pm (Q)

@OZ – THE ONES IN THE BRACKET IS ADDED BY ME “JOKE” – I AM IN THE GROUP – TOKENOMICS AND THE DEBT BOX

#73

Oz

Feb 23rd, 2024 at 9:52 pm (Q)

Ah. Need to make that very clear then. Very important if you’re quoting court documents otherwise people are going to get confused.

#74

Borna

Feb 24th, 2024 at 3:33 am (Q)

Is it a real document? Can someone explain more about it?

As it turns out ,Viraj Suhas Patil crime is obvious and he will go at least 3 years to jail?

#75

Oz

Feb 24th, 2024 at 9:12 am (Q)

They appear to be court orders from India. Beyond that I’m not familiar with the Indian legal system enough to comment.

#76

Borna

Feb 24th, 2024 at 11:22 pm (Q)

@Banerjee

1-can you provie us a link for the court decision ?

2-what does the whoe of it mean ? does it mean he will go to jail at least for 3 year ?

3- what about bail ?

#77

banerjee a

Feb 26th, 2024 at 3:31 pm (Q)

@borna

1. it is available on the mobile application – eCourt Services (can be accessed only from india ip) – CNR Number is WBCS010001322023.

2. this prayer is only when 18 bank accounts have been examined (on the complaint by Canara Bank) – more bank accounts have been found and being checked for money flow to the US company and the Dubai company.

3. No bail since the money trail to ix global (india) in which Viraj Suhas Patil was a managing director and a shareholder along with Joseph Martinez is established.

#78

Borna

Feb 26th, 2024 at 4:38 pm (Q)

@banerjee a

1-do you mean that there is possibility of even more years of jail as more bank acconts are found ? even more than three year …

2-or do you mean that it takes lots of time ?

3-or do you mean that everything can be changed and he migth be innocent ?

#79

banerjee a

Feb 26th, 2024 at 5:32 pm (Q)

1. yes.

2. more because the transfers were also made using crypto wallets and banks in Africa and the uk.

3. no . chance of him being innocent since disclosure via RTI here shows that other mule accounts were being operated by someone other than Prasanjit das for Viraj Suhas patel and ix global.

#80

Borna

Mar 4th, 2024 at 3:36 am (Q)

@banerjee a

as you mentioned :

no . chance of him being innocent since disclosure via RTI here shows that other mule accounts were being operated by someone other than Prasanjit das for Viraj Suhas patel and ix global.

1-does it mean there is no chance for innocentness? as other mule accounts were operated by someonelse else for Patil ?

#81

Banerjee a

Apr 2nd, 2024 at 9:37 pm (Q)

@borna – no chance at all . yes , other operators too.

Yesterday, announcement by Joe on zoom call –

I Have decided to create a financial support fund for those who have been hurt by the deceptions we all suffered from in india.

I am committing to put every dollar I get back from the sec case into this fund . I want nothing more than to give back to the people that have supported me and believe my vision for a more inclusive world.

in the upcoming weeks our team will be working on a registration process including verification methods and communications so those affected can apply.

let this be a step towards bringing back the unity that empowers us to move mountains. to rebuild the company that can become a beacon of hope and change to the whole world.

this was on 1st April with 2 arrest warrants against Joseph Anthony Martinez.

#82

Oz

Apr 2nd, 2024 at 10:47 pm (Q)

So uh that’s the plan? Throw India under the bus and pretend iX Global wasn’t in cahootz defrauding Indian investors?

#83

Banerjee a

Apr 16th, 2024 at 1:43 pm (Q)

custody of viraj patil extended till 21st may 24.

more mule bank accounts from where the money was sent to ix global detected by the enforcement directorate.

Joseph Martinez not appearing for examination has arrest warrants from the enforcement directorate too apart from other 3 arrest warrants.

in a call yesterday Joseph Martinez wanted the indian victims to renew their membership to get first chance at filling forms for his india relief funds. $60 x 150,000 victims = $90,00,000 potential collection.

never surrender – keep blaming others for all my fig ups – motto of Joseph Anthony Martinez jr (ex marine – US army).

#84

Borna

Apr 17th, 2024 at 1:08 am (Q)

@Banerjee a
in your opinion , What will happen after May 24th ? he will remain in the jail ? now that more accounts are detected he will have more years of jail ?

#85

Raven b

Apr 22nd, 2024 at 2:57 pm (Q)

Joseph Martinez misguiding his followers by posting older pics on his handle says shad Brannon the ceo of debt box.

#86

Mavie Hund

Apr 24th, 2024 at 5:12 pm (Q)

ML Case No. 01 of 2023

CNR WBCS 0100013220223

35____

09.04.2024

Prosecution represented by Ld. SPP, Mr. Arijit Chakrabarty files hazira.

One instruction addressed to the Ld. SPP by Assistant DoE, KLZO-II, Mr. Nishant Neeraj is filed vide F. No. ECIR/KLZO-II/21/2022 dated 08.04.2024.

It is submitted that accused, Viraj Suhas Patil has played an active role in the scam pertaining to money laundering and the prosecuting agency does intend to make him an approver u/s 306 Cr.P.C. Let the stance of the Enforcement Directorate divulged in the aforementioned letter be placed on record.

No abnormality is reported by the defence with respect to the soft copies of RUDs. Accordingly, fix 21.05.2024 for framing of charge.

D/C. by me.
Judge Judge
Spl. CBI Court-1 Spl. CBI Court-1
Calcutta Calcutta
J.O. Code No. WB 00744 J.O. Code No. WB 00744

#87

Borna

Apr 27th, 2024 at 3:47 pm (Q)

now that he is an approver, i guess his jail or punishment will be reduced significantly .and maybe he will be free soon.

#88

Dr Rajabhau vairale

May 11th, 2024 at 12:57 am (Q)

is there action taken to ix global small leaders who made innocent Indians to invest in tp global fx? why they are still free?

#89

Silent Bob

May 11th, 2024 at 2:38 am (Q)

Dr Rajabhau, there is no such thing as innocent indians made to invest.

No one pointed a gun to their head. They only wanted to steal from the next sucker. Not sorry for your loss.

#90

Oz

May 11th, 2024 at 10:28 am (Q)

Those are questions for Indian authorities. There is an active case but only they know specifics.

#91

Nitin mane

May 11th, 2024 at 11:47 am (Q)

is their any positive outcome for investors who are suffering because of TP globalfx.

#92

Oz

May 11th, 2024 at 11:55 am (Q)

Sure. Nobody is losing more money to iX Global in India because authorities shut it down.

#93

Borna

May 11th, 2024 at 4:48 pm (Q)

@Banerjee a, @oz , @mavie hund

now that Viraj Patil is an approver, while he is convicted ,what will happen to him? will he be released from jail?

#94

Mavie Hund

May 29th, 2024 at 3:09 pm (Q)

one more act put alone with other charges of cheating on ix global, Viraj patil, Joseph Martinez and the promoters where there properties can be attached and sold off to pay the victims. one more arrest warrant from the state of Gujurat for joespeh and Viraj patil.

2 firs in dehradun and one more in maharastra along with one in Orissa.

#95

Oz

May 29th, 2024 at 3:22 pm (Q)

We got proof of the second arrest warrants from Gujurat?

#96

Mavie Hund

May 31st, 2024 at 4:59 pm (Q)

YES YES YES . will post it somewhere and share the link after blurring some of the gory details . let the scammers guess the cities.

#97

Banerjee

Jun 12th, 2024 at 1:36 pm (Q)

look what I found ?

enforcementdirectorate.gov.in/sites/default/files/latestnews/Press%20Release%20Viraj%20PAO-1.5.2024-1.pdf

Press Release 01.05.2024

Directorate of Enforcement (ED), Kolkata Zonal Office has provisionally attached assets worth Rs 18.58 Crore belonging to Viraj Suhas Patil under the Prevention of Money Laundering Act (PMLA), 2002 in connection with the case of TPGlobalFX (TM Trader and KK Traders).

ED initiated investigation on the basis of FIR registered by the Kolkata Police under various sections of IPC, 1860 against M/s TM Traders and M/s KK Traders. It came to light that TP Global FX, as per the Reserve Bank of India (RBI), lacks registration and authorization for forex trading.

RBI, through a Press Release dated 07.09.2022, included TPGlobalFX in its Alert List, cautioning the general public against engaging with unregistered trading platforms.

ED investigation revealed that a complex web of deceit orchestrated by individuals including Prasenjit Das, Shailesh Kumar Pandey, Tushar Patel, and others, who operated through various dummy companies/entities, enticing the public to invest in forex trading via the TP Global FX platform.

IXGlobal, promoted by Viraj Suhas Patil and Joseph Martinez, utilized their influence to attract investors, to invest using TPGlobalFX Platform promising substantial returns.

Consequently, investors poured their funds into this fraudulent scheme, and these funds were diverted by accused persons for acquiring personal assets.

Previously, ED had apprehended/arrested Shailesh Kumar Pandey, Prasenjit Das, and Viraj Suhas Patil. Assets worth Rs 263 Crore comprising cash, gold, real estate, hospitality establishments, vehicles, crypto currencies, and bank balances, were seized/frozen/attached in this case.

Two Prosecution Complaints had already been filed against the arrested accused, with the Hon’ble Special Court (PMLA) taking cognizance of the offense of money laundering.

Further investigation is under progress.

#98

Banerjee

Jun 12th, 2024 at 1:39 pm (Q)

The Enforcement Directorate arrested Viraj Patil under money laundering provisions in an illegal TP Global FX case, a trading platform which is not authorised by the central bank to deal in forex.

“The members or participants of IX Global used the brokerage services of TP Global FX to do their forex trading. And IX Global derived the proceeds of crime in promoting TP Global FX, and Viraj Patil is one of the key persons in IX Global,” the ED investigation revealed.

moneycontrol.com/news/business/ed-arrests-viraj-patil-in-tp-global-illegal-forex-case-11967951.html

#99

Oz

Jun 12th, 2024 at 1:58 pm (Q)

Thanks. I believe this is the first we’ve seen into the Indian investigations into iX Global and Martinez.

#100

Borna

Jun 12th, 2024 at 7:36 pm (Q)

@Banerjee

i guess this ws mentioned by username @MavieHund a while ago .what is your own interpretation?

@Oz

i searched similiar cases , they were in custody for year and they sentenced to a few years of jail. this is 17 million USD fraud case which is considered big.

Viraj Suhas Patil should face his karma and suffers he generated. thousands of people lost their hope and money. he can bribe and get out of country easily later.

#101

Banerjee

Jun 22nd, 2024 at 5:59 pm (Q)

ML Case No. 01 of 2023

CNR WBCS 0100013220223

37____

15.06.2024

Accused, Prasenjit Das, Shailesh Kumar Pandey & Viraj Suhas Patil are physically produced from judicial custody. Ld. SPP, Mr. Arijit Chakrabarty representing for the ED is present.

One petition accompanied by fresh vakalatnama accepted and signed by Ld. Advocates, Supratik Basu, Samata Chhari and Shuvam Shaw is field on behalf of accused No. 1, Prasenjit Das seeking adjournment on the plea of collecting papers to get conversant with the facts and circumstances of this case.

Copy served.

Another petition on behalf of accused, Shailesh Kumar Pandey is filed seeking deferment of the charge hearing on the ground that the predicate offence should be tried first, and prays for an adjourned date on the said ground. Having considered submissions of both sides, the charge hearing is adjourned till next date.

Fix 27.06.2024 for charge hearing.

The accused persons be remanded to J/C till date.

To date for their physical production.

D/C. by me.
Judge Judge
Spl. CBI Court-1 Spl. CBI Court-1
Calcutta Calcutta

#102

Oz

Jun 22nd, 2024 at 6:34 pm (Q)

For that guy who likes to ask a million questions (stop asking the same questions or spambin), the case was adjourned pending legal admin matters for defendants Das and Pandey. There isn’t a “next date” in the order.

#103

Borna

Jun 22nd, 2024 at 11:18 pm (Q)

@OZ
I don’t understand India judicial system,that’s why I ask and no one answers clearly. I’m aware of what IX global did but I’m not aware what will happen to them in the court . what will be probabilities? tell me your own prediction

#104

Oz

Jun 22nd, 2024 at 11:25 pm (Q)

Patil did the crime. It’s a question of whether Indian authorities and the justice system can hold him accountable.

I don’t have a prediction on that but India has a terrible track record of keeping scammers from running off to Dubai.

Re. Asking questions, by all means ask but if nobody answers repeating yourself turns into spam.

#105

Dr Rajabhau vairale

Jun 23rd, 2024 at 12:21 am (Q)

basterd patil n his mlm leaders should be punished rigorously … so may many families are disturbed.

#106

Borna

Jun 23rd, 2024 at 8:52 pm (Q)

look what i found , it belongs to 2 days ago .

enforcementdirectorate.gov.in/sites/default/files/latestnews/%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A5%87%E0%A4%B8%20%E0%A4%B5%E0%A4%BF%E0%A4%9C%E0%A5%8D%E0%A4%9E%E0%A4%AA%E0%A5%8D%E0%A4%A4%E0%A4%BF-%20%E0%A4%B8%E0%A4%B0%E0%A5%8D%E0%A4%9A-%20%E0%A4%9F%E0%A5%80%E0%A4%AA%E0%A5%80%20%E0%A4%97%E0%A5%8D%E0%A4%B2%E0%A5%8B%E0%A4%AC%E0%A4%B2%203.pdf

translation by ChatGPT :

Press Release
Date: 20.06.2024

The Enforcement Directorate (ED), Kolkata, conducted a search operation in Mumbai under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, exposing a significant illegal foreign currency trading racket operated by TP Global FX.

During the search operation, cash amounting to ₹34.5 lakh and various foreign currencies worth ₹27 lakh were seized and confiscated.

It was discovered that TP Global FX was neither licensed nor authorized by the Reserve Bank of India (RBI) for foreign currency trading.

In fact, it was included in the RBI’s alert list. The RBI had issued a warning on September 7, 2022, against unregistered trading platforms.

The ED initiated the investigation based on an FIR filed by the Kolkata Police against M/s TM Traders and M/s KK Traders under various sections of the Indian Penal Code, 1860.

The investigation revealed that individuals like Prasenjit Das and Tushar Patel used multiple dummy companies to defraud investors by promising high returns on forex trading investments through TP Global FX.

Directors and promoters of IX Global, including Viraj Suhas Patil and Joseph Martinez, actively promoted TP Global FX as their preferred broker. Members and users of IX Global used TP Global FX brokerage services for their forex trading activities.

The investigation also uncovered that the funds collected from investors were diverted to purchase personal properties.

This was accomplished through complex schemes involving funneling funds through fake accounts and utilizing the services of Full-Fledged Money Changers (FFMCs), whose licenses had been revoked by the RBI.

Previously, the ED had arrested Shailesh Kumar Pandey, Prasenjit Das, and Viraj Suhas Patil, and attached/frozen properties worth ₹263 crore, including cash, gold, real estate, vehicles, and cryptocurrencies.

Chargesheets against the arrested individuals have been filed, and the Hon’ble Special Court (PMLA) has taken cognizance of the money laundering offense.

Further investigation is ongoing.

#107

Banerjee

Jun 25th, 2024 at 5:25 pm (Q)

JOSEPH ANTHONY MARTINEZ ANNOUNCED CLOSURE OF OPERATIONS AFTER 4 YEARS IN BUSINESS (Ozedit: snip, see below)

#108

Oz

Jun 25th, 2024 at 5:35 pm (Q)

Source or spambin. iX Global’s website is still up.

#109

Banerjee

Jun 25th, 2024 at 8:14 pm (Q)

dear OZ sir , please don’t ..spam bin.

youtube.com/watch?v=BWi72iE33f4

#110

AntiMLM

Jun 25th, 2024 at 9:05 pm (Q)

Thanks @Banerjee

Oh dear, IX Global ceases operations due to “Continuing Regulatory Pressure”.

Dear Brand Ambassador,

It is with a heavy heart that I must share some difficult news with you today.

After careful consideration and evaluation of our current operations, we have made the difficult decision to terminate distribution of our products via direct selling per Section 11.4 of the iX Global Policies and Procedures, effective June 24, 2024.

As a result, all Brand Ambassador positions will be terminated as of this date. Each Brand Ambassador will be able to withdraw any previously generated commission per the Policies and Procedures.

This decision was not made lightly, and we understand the impact it may have on each of you who have been instrumental in our growth and success.

Your dedication, passion, and hard work as Brand Ambassadors have been invaluable to us, and we are deeply grateful for your contributions.

Unfortunately, recent developments have led us to believe that exiting direct sales is necessary for the long-term sustainability and success of our organization.

Please know that we are committed to supporting you through this transition and exploring alternative opportunities within our organization where possible.

If you have any questions or concerns, please do not hesitate to reach out to [removed]. We are here to support you in any way we can.

Thank you once again for your dedication and commitment to iX Global. We sincerely thank you for your hard work and dedication and wish you all the best in your future endeavors.

Sincerely.

Joseph Martinez
CEO
IX Global

#111

Oz

Jun 25th, 2024 at 9:44 pm (Q)

Thanks. I definitely appreciate the tips but when it’s something newsworthy a lot of claims without a cited source isn’t helpful.

Sometimes it is if I can locate a source on my own but if I can’t then I’m stuck asking for one. Easier to just include a source on anything major. Thanks!

#112

Banerjee

Jul 2nd, 2024 at 9:10 pm (Q)

ML Case No. 01 of 2023
CNR WBCS 01-0001322-2023
Or. No.:- 38.
Or. Dated 27.06.2024.

Accused, Prasenjit Das, Shailesh Kumar Pandey & Viraj Suhas Patil are physically produced from judicial custody.

Ld. SPP, Mr. Arijit Chakrabarty representing for the ED is present.

One petition accompanied by itinerary is filed praying for an adjournment on behalf of accused Prasenjit Das on the ground that the Ld. Senior Counsel Mr. D. N. Ray, Supreme Court of India will appear on behalf of the accused but he is now attending one International Arbitration in London and he will return to India on 4th July, 2024.

Copy served.

After hearing both sides, the charge hearing is adjourned.

Fix 11.07.2024 for charge hearing.

The accused persons be remanded to J/C till date. To date for their physical production.

D/C. by me.
Judge Judge
Spl. CBI Court-1 Spl. CBI Court-1
Calcutta. Calcutta.

#113

Borna

Jul 3rd, 2024 at 1:47 am (Q)

based on what i have found, there are 9 steps toward final decision in the Indian court. as above document mentioned ,”Charge Hearing” is next phase. it’s only 3th stage .the whole process can take up to 2-3 years.

1- Investigation and Arrest 2-Initial Hearing/Arraignment 3-Charge Hearing 4- Pre-Trial Motions and Hearings 5-Plea Bargaining 6-Trial

7-Verdict 8-Sentencing 9-Appeals

#114

Banerjee

Jul 13th, 2024 at 1:49 pm (Q)

ML Case No. 01 of 2023

CNR-WBCS01-0001322-2023

Or. No.:- 39.

Or. Dated 11.07.2024.

Accused, Prasenjit Das, Shailesh Kumar Pandey & Viraj Suhas Patil are physically produced from judicial custody.

Ld. SPP, Mr. Arijit Chakrabarty representing for the ED is present.

Ld. Senior Counsel Mr. D. N. Ray for A-1, Prasenjit Das submits before the Court that the charge hearing may be deferred for a reasonable time contending that his client is going to file a discharge petition before the concerned Court where the predicate offence case is pending.

It is further submitted that in the predicate offence the charge has not yet been framed and the accused will move the discharge petition which is likely to be disposed of within one and half months.

So, he prays for an adjourned date for about one and half months.

Ld. SPP, Mr. Arijit Chakrabarty vehemently opposes the prayer for deferment of the charge hearing on the ground that another accused in this case is taking the plea for his bail before the Hon’ble Court that the trial is getting delayed.

It is also submitted by him that the charge hearing has been pending since last 4 dates at the instance of A-1, Prasenjit Das.

The objection of the Ld. SPP is noted.

After hearing both sides at length, this Court accepts the submission of the Ld. Counsel of the accused/petitioner, Prasenjit Das that since the PMLA offence is a parasitic offence, it is always dependent on predicate offence.

Accordingly, an opportunity to pursue the discharge petition before the concerned Court is given as a last chance with the clear stipulation that no further adjournment will be granted on that score, meaning, if the discharge petition is not disposed of within the next date fixed, the accused persons have to come ready for charge hearing.

With the above observation, the charge hearing is adjourned.

Fix 22.08.2024 for charge hearing.
The accused persons be remanded to J/C till date.
To date for their physical production.
D/C. by me.
Judge Judge
Spl. CBI Court-1 Spl. CBI Court-1
Calcutta.

#115

Banerjee

Aug 22nd, 2024 at 8:58 pm (Q)

ML Case No. 01 of 2023
CNR WBCS 01-0001322-2023
40 22.08.2024

Accused, Prasenjit Das, Shailesh Kumar Pandey & Viraj Suhas Patil are physically produced from judicial custody.

Ld. SPP, Mr. Arijit Chakrabarty representing for the ED is present. Today is fixed for charge hearing.

One petition is filed by Ld. Advocate on behalf of accused No. 1, Prasenjit Das praying for an adjourned date on the ground that a discharge application in connection with GR Case No. 1202 of 2022 arising out Hare Street PS Case No. 290 dated 14.10.2022 which alleged commission of the predicate offence forming subject matter of the instant case and the said discharge application was fixed for hearing on 20.08.2024 but due to resolution adopted by the local bar association could not be heard and the same is fixed for hearing on 07.09.2024.

So, it is prayed that the charge hearing of the present case may be fixed after 07.09.2024.

Heard both sides. Considered. The prayer is allowed. Fix 11.09.2024 for charge hearing.

The accused persons be remanded to J/C till date. To date for their physical production.

D/C. by me. Sd/-
Judge
Spl. CBI Court-1 Calcutta.
Sd/- Judge
Spl. CBI Court-1 Calcutta.

#116

Raven B

Aug 22nd, 2024 at 10:10 pm (Q)

hey , the picture you have posted of Joseph Martinez dated 22 December 2023 is not from the same month. it was taken in April 22.

Joseph Martinez must have posted this to misguide the victims since he did not come to india after the arrest of Prasanjit das

#117

Oz

Aug 23rd, 2024 at 1:52 am (Q)

@Raven

I datestamped the video using the date it was posted to social media.

#118

Borna

Sep 11th, 2024 at 8:10 pm (Q)

ML Case No. 10 of 2023

10

11.09.2024

Today is fixed for evidence of prosecution witness no.1 and appearance of the accused person.

Ld. Spl. PP Arijit Chakrabarty is present by filing hazira.

Sole accused namely Kishore Show is present by filing hazira.

Witness Alok Choudhury is present today. He is examined in chielf in full and cross-examination is closed.

Witness is discharged.

Documents are marked as Exbt. P-1/P.W-1, Exbt. P-2/P.W-1 and Exbt. P-3/P.W.-1.

Fix 06.11.2024 for evidence of C.S.W-2 and appearance of the accused person.

Issue summons upon the witness accordingly.

Judge, Judge, Special (CBI) Court No. 1, Special (CBI) Court No. 1, Calcutta. Calcutta.

J.O. Code No. WB 00744 J.O. Code No. WB 00744

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