Overview
- The chargesheet identifies Chinese nationals Wan Jun and Li Anming as key figures, with officials saying both left India and remain absconding.
- The HPZ Tokens mobile app operated during the Covid lockdown, with Shigoo Technology enticing users by falsely promising high returns from cryptocurrency mining.
- CBI traced more than ₹1,000 crore moving through shell companies created via Jilian Consultants India, layered through payment aggregators, then converted to crypto and routed abroad.
- Six local operatives were earlier arrested as the probe expanded to 30 accused spanning individuals and companies, with further investigation and cross‑border cooperation ongoing.
- Related enforcement steps include ED freezes of about ₹603.4 crore in assets and a court declaring Dubai‑based businessman Bhupesh Arora a Fugitive Economic Offender.