<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.</p>.<p>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 night.</p>.<p>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>.Supreme Court stays CBI probe into West Bengal government officials' role in teacher recruitment scam.<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>.<p>"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," the CBI alleged.</p>.<p>The probe in the case so far has unearthed 150 bank accounts related to the accused used to collect funds from investors.</p>.Manipur police personnel drove 2 Kuki women to mob that paraded them naked, says CBI charge sheet.<p>"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," the CBI said in a statement on Wednesday.</p>
<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.</p>.<p>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 night.</p>.<p>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>.Supreme Court stays CBI probe into West Bengal government officials' role in teacher recruitment scam.<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>.<p>"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," the CBI alleged.</p>.<p>The probe in the case so far has unearthed 150 bank accounts related to the accused used to collect funds from investors.</p>.Manipur police personnel drove 2 Kuki women to mob that paraded them naked, says CBI charge sheet.<p>"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," the CBI said in a statement on Wednesday.</p>