NEW DELHI: In a case against Chinese nationals involved in cryptocurrency scam in Nagaland, ED has attached more assets in India and Dubai worth Rs 106 crore, taking the total seizure in the case to over Rs 603 crore. The accused, including several Indian nationals, were involved in seeking investments through ‘HPZ Token’ and were also engaged in online gaming and betting activities.
“The attached assets belong to various persons and shell entities, including Chinese linked shell entities found involved in duping investors,” the agency said on Thursday.
ED’s investigation is based on an FIR registered by the cyber crime unit of the Kohima police. ED said the accused offered Rs 4,000 per day return on an investment of Rs 57,000. For three months some investors were paid as promised. However, later the funds collected were siphoned off and the app became inaccessible.
