The Enforcement Directorate has booked several Full Fledged Money Changers in Hyderabad for operating without valid RBI licences. Despite surrendering their licences earlier this year, some firms continued illegal forex operations using forged documents.

Hyderabad: The Directorate of Enforcement (ED), Hyderabad team which recently carried out searches at various Full Fledged Money Changers ( FFMCs ) firms, booked them for allegedly operating illegally without any valid licence from the Reserve Bank of India (RBI).

These searches were carried out on Prism Forex Private Limited, Garuda Forex Services Private Limited, Sree Vimal Nath Forex Private Limited, Victory Forex & Travel Services Private Limited and Digital Forex Private Limited on October 16.

Earlier, RBI Hyderabad had co

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