New Delhi Sep 30 :- The Enforcement Directorate carried out fresh searches against at least nine Chinese-controlled entities that were engaged in app-based investment issuing tokens called HPZ, popular in Nagaland. So far, the agency has seized Rs 57 crore deposits of these entities with various payment gateways.
The HPZ token promised users of large gains against investment by declaring the same as “investing in mining machines for Bitcoin and other crypto currencies,” the ED said.
In its search operation that concluded Thursday, the ED froze Rs 9.82 crore in bank accounts and balance with payment gateways of these Chinese controlled entities which included Comein Network Tech Pvt Ltd, Mobicred Tech Pvt Ltd, Magic Data Tech Pvt Ltd, Baitu Tech Pvt Ltd, Aliyeye Network Tech India Pvt Ltd, Wecash Tech Pvt Ltd, Larting Pvt Ltd, Magic Bird Tech Pvt Ltd and Acepearl Services Pvt Ltd.
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