{"id":39863,"date":"2024-05-01T07:49:01","date_gmt":"2024-05-01T07:49:01","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/01\/cbi-conducts-nationwide-operation-against-app-based-investment-scheme\/"},"modified":"2024-05-01T07:49:01","modified_gmt":"2024-05-01T07:49:01","slug":"cbi-conducts-nationwide-operation-against-app-based-investment-scheme","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/01\/cbi-conducts-nationwide-operation-against-app-based-investment-scheme\/","title":{"rendered":"CBI conducts nationwide operation against app based investment scheme"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/img.etimg.com\/photo\/msid-109749355,imgsize-2241531.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"CBI conducts nationwide operation against app based investment scheme\" title=\"CBI conducts nationwide operation against app based investment scheme\" \/><\/div>\n<div data-brcount=\"10\">New Delhi, The <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/cbi\" target=\"_blank\" rel=\"noopener\">CBI<\/a> has searched 30 locations across 10 states and union territories after registering a case in a fraudulent <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/investment-scheme\" target=\"_blank\" rel=\"noopener\">investment scheme<\/a> linked to the <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/hpz-token-app\" target=\"_blank\" rel=\"noopener\">HPZ Token App<\/a>, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/crypto-currency\" target=\"_blank\" rel=\"noopener\">crypto-currency<\/a> mining machine rentals. The nationwide operation ended Tuesday night. <br \/><!--\/article_liveblog.cms?msid=107107653potime:1--> Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. <\/p>\n<p> The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya Pradesh. <\/p>\n<p> &#8220;The HPZ is an app-based token which promises users large gains by investing in mining machines for Bitcoin and other crypto currencies. The fraudsters allegedly used a modus operandi that enticed victims to invest in the HPZ token app on the pretext of astronomical returns on their investments in Bitcoin mining,&#8221; the CBI alleged. <\/p>\n<p>The probe in the case so far has unearthed 150 bank accounts related to the accused used to collect funds from investors. <\/p>\n<p>&#8220;These funds were initially used for payouts to build trust, before being illicitly transferred out of India, often converted into cryptocurrency or moved through Hawala transactions,&#8221; the CBI said in a statement on Wednesday.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/cbi-conducts-nationwide-operation-against-app-based-investment-scheme\/articleshow\/109749355.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, The CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":39864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-109749355,imgsize-2241531.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[1330,42026,7473,8979,12248,42027,42028,382,42025,232,6463,8940],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/39863"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=39863"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/39863\/revisions"}],"predecessor-version":[{"id":39865,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/39863\/revisions\/39865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/39864"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=39863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=39863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=39863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}