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Cryptocurrency worth Rs 2,385 crore has been attached under the anti-money laundering law and the Spanish "mastermind" of the alleged multi-crore OctaFX Ponzi scam has been arrested in that country, the Enforcement Directorate (ED) said on Friday. The case pertains to a "fraud" where several investors are alleged to have been duped on the false promise of high returns through the OctaFX forex trading platform. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach cryptocurrencies worth Rs 2,385 crore in connection with the ongoing investigation against the "unauthorised" forex trading platform OctaFX. The alleged mastermind of the fraud -- Pavel Prozorov -- has been arrested from Spain by the local police authorities, based on his involvement in cybercrimes affecting multiple countries, the agency said in a statement. OctaFX, as per the ED, "systematically duped" Indian investors of Rs 1,875 crore between July 2022-April 2023, generating
Spain summoned Israel's acting ambassador in Madrid Friday in response to comments made by the Israeli Prime Minister's office that accused the European nation's prime minister of threatening Israel. Spanish Foreign Minister Jos Manuel Albares called in Dana Erlich, Israel's charge d'affaires in Spain and the highest-ranking diplomat in the country to categorically reject the false and slanderous statements from the Israeli Prime Minister's office, an official at Spain's Foreign Ministry said. The Foreign Ministry official was not authorized to speak publicly and declined to be named. It's the latest development in an ongoing diplomatic tit-for-tat between the two countries that ensued after Spain's prime minister announced measures Monday to pressure Israel to end the Gaza war. In a post Thursday on social platform X, Israeli Prime Minister Benjamin Netanyahu's office said Spain's Prime Minister Pedro Snchez had made a blatant genocidal threat," in reference to comments made by th
Spain is deploying a further 500 soldiers to battle wildfires that have torn through parched woodland during a prolonged spell of scorching weather, Prime Minister Pedro Snchez said Sunday. The decision to add to the more than 1,400 troops already on wildfire duty came as authorities struggled to contain forest blazes, especially in the northwestern Galicia region, and awaited the arrival of promised aircraft reinforcements from other European countries. Firefighters are tackling 12 major wildfires in Galicia, all of them near the city of Ourense, the head of the Galician regional government Alfonso Rueda told a press conference with Snchez. Homes are still under threat so we have lockdowns in place and are carrying out evacuations, Rueda said. Galicia has been battling the spreading flames for more than a week. Temperatures in Spain could reach 45 Celsius (113 Fahrenheit) in some areas Sunday, the Spanish national weather agency AEMET said. On Saturday, the maximum temperature was
India on Saturday received the last of its 16 Airbus C-295 military transport aircraft from Spain, marking an important milestone in strengthening its defence capabilities, the Indian Embassy in Spain said. The C-295, a transport aircraft of 5-10 tonne capacity with contemporary technology, is set to replace the ageing Avro aircraft of the IAF. Indian Ambassador to Spain Dinesh K Patnaik, along with senior Indian Air Force officials, received the last of the 16 Airbus C-295 military transport aircraft at the Airbus Defence and Space assembly line in Seville, the Indian mission posted on social media. "The delivery, two months ahead of schedule, marks an important milestone in strengthening India's defence capabilities," it added. The aircraft, with a flight endurance of up to 11 hours, is a versatile and efficient tactical transport aircraft. India signed a contract with Airbus Defence & Space, Spain, for acquisition of 56 C-295MW transport aircraft for IAF in Sep 2021. Under the
Madhya Pradesh Chief Minister Mohan Yadav on late Sunday night said that his official visit to the UAE and Spain is set to create over 14,000 jobs in the state.Yadav stated that following the Madhya Pradesh Global Dialogue-2025, the state received investment proposals worth over Rs 11,119 crore.In a post on X, CM Yadav stated, "With the motto 'Make in India-Make in Madhya Pradesh,' investment proposals worth over Rs 11,119 crore have been received in all major sectors under the 'Madhya Pradesh Global Dialogue-2025' concluded in UAE and Spain. These will create more than 14,000 new employment opportunities in the state. After the visit to both nations, I reached Bhopal today and shared information with journalist friends.""In Madrid, Spain, the 'Invest in Madhya Pradesh - Business Forum' was held, where discussions took place with over 200 corporate and diplomatic representatives," he said."Addressed over 500 expatriate entrepreneurs at the 'Friends of MP' conference held during the ...
Europe's continuing heat wave on Wednesday helped fuel a deadly wildfire in Spain while the European Union presented plans to reduce greenhouse gas emissions under scorching temperatures. The blaze that broke out late on Tuesday created an enormous thick plume of ash and smoke that rose 14,000 metres into the sky, making it the largest registered by firefighters in Catalonia, a northeastern region of Spain. Two farmers were killed while apparently trying to flee in a vehicle, local authorities said Wednesday. Firefighters said that the fire spread at 28 kph (17 mph) at one point as it consumed 6,500 hectares (16,000 acres) mostly of grain fields. Wildfires today are not like they were before, Salvador Illa, the regional president of Catalonia, said. These are extremely dangerous. From the very first moment, it was considered to be beyond the capacity of extinction. I mean that not even with two or three times the number of firefighters, they have told me, it would have been possib
Many of the world's nations are gathering starting Monday in Spain for a high-level conference to tackle the growing gap between rich and poor nations and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough. The four-day Financing for Development meeting in the southern city of Seville is taking place as many countries face escalating debt burdens, declining investments, decreasing international aid and increasing trade barriers. The United Nations and Spain, the conference co-hosts, believe it is an opportunity to reverse the downward spiral, close the staggering USD 4 trillion annual financing gap to promote development, bring millions of people out of poverty and help achieve the UN's wide-ranging and badly lagging Sustainable Development Goals for 2030. UN Deputy Secretary-General Amina Mohammed said Wednesday that despite the headwinds and high geopolitical tension
Mahindra Group and Spain's Aernnova Aerospace on Tuesday announced a multi-year contract valued at about USD 300 million (over Rs 2,585 crore) for the Indian entity's arm Mahindra Aerostructures Pvt Ltd to manufacture metal sub-assemblies and components for a range of Airbus and Embraer aircraft families. The contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013, Mahindra and Aernnova said in a joint statement. "This partnership with Mahindra will enable Aernnova to reinforce its supply base to secure production ramp-ups in our factories for all our programs, fulfilling our mission to deliver to our customers," Aernnova CEO Ricardo Chocarro said. Under the "multi-year contract valued at approximately USD 300 million", Mahindra Aerostructures Pvt Ltd (MASPL) will manufacture metal sub-assemblies and components for a range of Airbus aircraft and also for Embraer aircraft families, including
Spain on Monday extended its "unequivocal support" for India's efforts to combat terrorism as an all-party delegation led by DMK MP Kanimozhi Karunanidhi met with Foreign Minister Jose Manuel Albares here to convey New Delhi's strong message of zero tolerance for the menace. The delegation arrived here on Saturday for a three-day visit in the final leg of its five-nation tour. The delegation called on foreign minister Albares "to apprise him of India's position and to discuss India's efforts at combatting terrorism," the Indian Embassy in Madrid posted on X. "H.E. Mr. @jmalbares conveyed his understanding and the unequivocal support of Spain for India's efforts to combat terrorism, and reaffirmed the importance of global peace. He emphasised that terrorism will never prevail and that Spain stood with India on this issue," it said. Earlier the delegation reiterated India's resolve for a "safer and more compassionate world" during a meeting with an organisation of terror victims in .
An all-party delegation on Sunday began its visit to Madrid by paying homage to the bust of Mahatma Gandhi, a powerful tribute to the enduring force of peace over violence and truth over fear. The delegation led by DMK MP Kanimozhi Karunanidhi on Saturday arrived on a three-day visit to Spain during which it will meet members of the Spanish government, the Indian diaspora and civil society representatives to present India's stance on zero-tolerance against terrorism. "The all-party parliamentary delegation began its visit to Madrid by paying homage to the bust of Mahatma Gandhi, a powerful tribute to the enduring force of peace over violence and truth over fear," the Indian embassy in Spain said in a post on X. The delegation, which arrived here from Latvia, is part of India's diplomatic outreach following the terrorist attack in Pahalgam that claimed 26 lives. "Over the next two days, the delegation will meet with members of the Spanish government, the Indian diaspora and civil ..