CBI conducts nationwide searches in fraudulent crypto-currency investment scheme

CBI conducts nationwide searches in fraudulent crypto-currency investment scheme

• CBI conducted searches in 10 states for a fraudulent investment scheme.

• Two private companies and directors booked for criminal conspiracy and cheating.

• Accused enticed victims to invest in HPZ token app for high returns.

• Approximately 150 bank accounts used to collect funds from investors.

• Funds were illicitly transferred out of India through various means.