Forex Scam in Himachal: Mastermind Flees to UAE, Wife in Jail for 19 Months
In a massive foreign exchange (forex) fraud case in Himachal Pradesh, the prime accused Rajinder Kumar Sood has reportedly fled the country and is currently residing in the United Arab Emirates (UAE). Police investigations revealed that he, along with his wife Neetu Devi, lured thousands of investors to invest in OFX forex trading through the QFX company, allegedly scamming around ₹210 crore over two years.
Neetu Devi, a resident of Mandi district, has been in judicial custody at Kanda Central Jail for the past 19 months. Investigations further revealed that both husband and wife were co-directors in several companies, including QFX Pragati Ka Saathi Foundation, Q24 Live Pvt Ltd, Q Vagital Pvt Ltd, Sood Properties Pvt Ltd, and Sood Entertainment Pvt Ltd.
Neetu Devi's personal IDFC Bank account reportedly saw deposits of ₹92 lakh between December 2021 and November 2023. Authorities allege the money came from irregular and illegal investment schemes offering high returns.
An FIR was lodged at Balh Police Station on October 19, 2023, following a complaint by Rajesh Saini. The case has been registered under Sections 420 (cheating) and 120-B (criminal conspiracy) of the Indian Penal Code, along with Sections 21 and 23 of the Banning of Unregulated Deposit Schemes Act, 2019.
So far, the Special Court has rejected Neetu Devi’s bail plea six times. The prosecution argues that her release could jeopardize the investigation and ongoing trial.
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