The Central Bureau of Investigation (CBI) has filed a charge sheet against 27 people, including two Chinese nationals and three companies, in the HPZ Token Investment Fraud case.
Key accused in ₹2,200-crore HPZ Token case declared fugitive economic offender
It is alleged that Shigoo Technology Private Limited, an entity owned and controlled by Chinese nationals, collected hundreds of crores through a mobile application called ‘HPZ Tokens’, over just three months during the COVID-19 lockdown. The application offered huge returns on investments in cryptocurrency mining.
The “syndicate” members set up shell companies, whose bank accounts were used to move over ₹1,000 crore within a few months.
Cybercrime network
