Taking major action in the HPZ Token investment fraud case, CBI has filed a charge sheet against 30 people. Two Chinese citizens Wan Jun and Li Enming have also been accused in this fraud. The agency said that during the Corona lockdown, a Chinese controlled company Shigoo Technology Pvt. Ltd. had launched a fake mobile app named HPZ Tokens, in which people were made to invest heavily in the name of crypto mining.
Through the app, people were deceived that if they invested money then they would get very high returns from cryptocurrency mining. Crores of rupees were collected in just three months and then they were diverted to different accounts and disappeared. CBI investigation revealed that this was not an isolated fraud. Rather, there was a big cyber crime network being run by people sitting abroad. This network has cheated many people in India in the name of fake loan apps, investment apps and online job offers.
six people arrested
CBI had initially arrested six people. Dortse, Rajni Kohli, Sushant Behera, Abhishek, Mohammad Imdad Hussain and Rajat Jain. Now the two Chinese citizens who have been included in the charge sheet. Among them, Wan Jun has been described as an important link in this entire network. That Jilian Consultants India Pvt. Ltd. Several shell companies were formed in collaboration with the directors and Indian partners, which were used to collect and circulate the fraud money. CBI says that through these companies, more than Rs 1000 crore were transferred to different accounts in a few months…this entire game was being run at the behest of a foreign syndicate.
What came to light in the investigation?
The investigation also revealed that fraudsters misused the rapidly growing payment aggregator system in India. With the help of technology, he used to manage multiple bank accounts simultaneously and transfer large amounts of money from one account to another within minutes. Some money was also returned to some investors so that their confidence could be built and they would invest more. Jilian Consultants hired professionals like company secretaries and chartered accountants to create more shell companies. Later the fraud money was converted into cryptocurrency and sent abroad. CBI has identified the mastermind of the entire network. So far, chargesheet has been filed against 27 people and 3 companies. Further investigation in the matter is still going on.
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