Archive · 11 Dec 2025
CBI Charges 30 in Rs 1,000 Crore HPZ Token Scam
The CBI has filed a charge sheet against 30 people, including two Chinese nationals, for a big fraud called the HPZ Token scam.
This scam happened during the Covid-19 lockdown and tricked many Indians into investing money in a fake app that promised high returns from cryptocurrency mining.
The app collected crores of rupees, but the money was stolen by the operators and sent to fake companies controlled by foreign entities.
Two Chinese men, Wan Jun and Li Anming, were key figures in this scam.
They set up these fake companies and used them to launder the money.
The CBI found that over Rs 1,000 crore was moved in just a few months.
The scam was part of a bigger criminal network that also did other online frauds.
The CBI is committed to stopping such cyber frauds and will continue to work both nationally and internationally to protect people from these scams.
CBI filed a charge sheet against 30 people, including two Chinese nationals, in the HPZ Token investment fraud case.
The fraud involved a fake mobile app promising high returns on cryptocurrency mining investments.
Over Rs 1,000 crore was allegedly siphoned off to shell companies controlled by foreign entities.
Chinese nationals Wan Jun and Li Anming were key figures in directing and coordinating the operation.
The scam was part of a larger criminal syndicate involved in various post-pandemic cyber scams.
- Who
- 30 accused persons, including two Chinese nationals (Wan Jun and Li Anming), and three companies
- What
- Multi-crore HPZ Token investment fraud
- When
- During the Covid-19 lockdown period
- Where
- India, with operations coordinated from overseas
- Why
- To cheat thousands of Indians through a fake mobile application promising high returns on cryptocurrency mining investments
- Number of Accused
- 30, including 2 Chinese nationals
- Fraud Amount
- Over Rs 1,000 crore
- Key Figures
- Wan Jun and Li Anming
- Companies Involved
- Jilian Consultants India Pvt. Ltd., Shigoo Technologies Pvt. Ltd.
- Initial Arrests
- 6 people
- CBI Operation
- Chakra-V
Sources
CBI files charge sheet against 30, including two Chinese nationals, in HPZ token fraud case
CBI Charges Two Chinese Nationals In Rs 1,000-Crore Pandemic-Era Investment Scam
2 Chinese Nationals Charged In Rs 1000 Crore HPZ Token Scam Case
CBI tracks digital arrest scam to Southeast Asian nations, charges 13
