The Enforcement Directorate (ED) has seized ₹46.67 crore lying in various bank and virtual accounts in connection with a money laundering probe involving the HPZ Token app that allegedly promised its users large gains against investments in mining machines for bitcoin and other cryptocurrencies.
During the searches in the case, which is based on a FIR registered by the Cyber Crime Police of Nagaland’s Kohima in October last year, the ED covered six business and residential premises in Delhi, Ghaziabad, Mumbai, Lucknow and Gaya. Besides, 16 other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched.
Following the money trail, the agency detected ₹33.36 crore that was lying with the Easebuzz Private Limited in Pune, ₹8.21 crore with Razorpay Software in Bengaluru, ₹1.28 crore with Cashfree Payments in Bengaluru, and ₹1.11 crore with Paytm Payments in Delhi.
