Overview
- The charge sheet covers 30 entities, including Chinese nationals Wan Jun and Li Anming, 27 individuals overall and three companies named in the case.
- CBI says the fake ‘HPZ Tokens’ app lured investors with promises of crypto‑mining returns, then routed collections through layers of shell companies within months.
- Probe findings highlight misuse of nascent payment aggregators to rapidly move funds and issue partial payouts to cultivate investor confidence.
- Investigators link the network to Jilian Consultants and Shigoo Technologies, alleging professionals were hired to create corporate fronts used for laundering.
- Six local operatives were earlier arrested, the two Chinese accused remain absconding, and the agency says the operation ties into a broader overseas cyberfraud syndicate with further investigation underway.