PMLA case: ED search op in Jaipur and Jodhpur

Jaipur: Enforcement Directorate (ED) carried out search operations under Prevention of Money Laundering Act (PMLA), 2002 at six business/residential premises in Delhi, Ghaziabad, Mumbai, Lucknow, Gaya and 16 other premises of banks, payment gateways branches and its office situated at Jaipur, Jodhpur and other parts of the country.
According to an official released by ED on Friday, searches were conducted in connection to an investigation related to the app-based token named HPZ and related entities on Wednesday.
ED had initiated money laundering investigation on the basis of FIR bearing dated 08.10.2021 filed under various sections of IPC by Cyber Crime Police Station, Kohima, Nagaland.
According to ED sources, the HPZ Token was an app-based Token which promised users of large gains against investment by investing in mining machines for Bitcoin and other cryptocurrencies.