FCC Seizes Rs 18.7 Million in Foreign Currency

In a significant development in the ongoing battle against financial crime, the Financial Crimes Commission (FCC) has seized foreign currency amounting to Rs 18.7 million.

This substantial sum included 4,798,250 South African rand and 200,150 US dollars, all linked to Indian national Imran Ibrahim Patel.

The funds were retrieved as evidence from the Financial Crime Division, where they had been securely sealed.

Patel, who has been embroiled in legal troubles, was found guilty of money laundering in court on 14 March 2025.

As the legal proceedings continue, the sentencing remains pending, leaving many to ponder the implications of this case on the broader fight against financial misconduct.

Source: Defi Media