India, Dec. 2 -- The Enforcement Directorate (ED) has provisionally attached the proceeds of crime in the form of movable and immovable assets belonging to several suspects, including Chinese-linked shell entities, accused of conning investors of hundreds of crores on the promise that their investments would get doubled through a mobile application, HPZ Token, online gaming and betting websites.

The attached assets, worth Rs.106.2 crore, are located in India and Dubai. The agency undertook the action as part of its money-laundering investigation into allegedly fraudulent investment schemes operated through a cryptocurrency-based mobile app HPZ Token and online gaming and betting sites. The agency's investigation revealed that for an inve...