Categories: Trending now

Enforcement Directorate Raids HPZ Token in Three Cities, Freezes Rs. 92 Crore: Details

The officials of the Enforcement Directorate (ED) have raided HPZ Token and frozen around Rs. 92 crores. The raids were conducted in Gurugram, Mumbai, and Bengaluru on Monday.

The HPZ Token was an App-Based Token that promised users significant gains against investment by investing in mining machines for Bitcoin and other cryptocurrencies, according to ED.

The instant case was recorded based on FIR registered by Cyber Crime Police Station, Kohima, Nagaland, under various sections of IPC against HPZ token & others. The investigation unearthed larger conspiracy and involvement of various entities in money laundering.

ED Investigation revealed that Lillian Technocab and Shigoo Technology were involved in the operation and collecting money from investors in the name of HPZ tokens. Further investigation revealed that Bhupesh Arora and his associates had control over Shigoo Technology Private Limited and he was indulged in operating unregistered gaming Apps/websites in this company and various other entities and was collecting money fraudulently from the gullible public in the garb of these Apps/website.

According to ED, during the searches, the total amount of Rs. 91.6 crore was found lying in various Bank accounts/Merchant Accounts maintained with Banks/Payment Gateways of the entities involved in money laundering and the same was frozen. Total freezing, in this case, is now Rs. 178 Crore.


Xiaomi launched its camera focussed flagship Xiaomi 13 Ultra smartphone, while Apple opened it’s first stores in India this week. We discuss these developments, as well as other reports on smartphone-related rumours and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube.


SpaceX Gains Approval to Set Up Fifth US Rocket Launch Site at Vandenberg Space Force Base

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

2 weeks ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

2 weeks ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

2 weeks ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

2 weeks ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

2 weeks ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

2 weeks ago