<h1>ED Freezes Rs 170 Crore in Alleged Forex Fraud by QFX Trade Ltd; Raids Reveal Shell Companies, Seize Cash</h1> The Enforcement Directorate (ED) has frozen bank deposits totaling Rs 170 crore in connection with a probe into an alleged fraudulent forex trading scheme operated by QFX Trade Ltd. and its directors. Raids were conducted in Delhi, Noida, Shamli, and Rohtak. The investigation follows multiple FIRs filed by Himachal Pradesh Police, accusing QFX of deceiving investors through an unregulated deposit scheme promising high returns. The scheme was later renamed YFX, maintaining the same fraudulent practices. The ED identified shell companies used to collect funds, and cash worth Rs 90 lakh was seized from an agent involved in the scheme.