The Enforcement Directorate (ED) questioned Bollywood actress Tamannaah Bhatia on Thursday in connection with a money laundering investigation in Guwahati. The actress was called in as part of a probe linked to the 'HPZ Token' mobile application, which has allegedly defrauded numerous investors under the guise of Bitcoin and cryptocurrency mining.
Investigation Under the Prevention of Money Laundering Act
Tamannaah Bhatia's statement was recorded at the ED zonal office in Guwahati, with the questioning taking place under the Prevention of Money Laundering Act (PMLA), according to an official statement from the agency. Sources indicated that the 34-year-old actress had received funds for a "celebrity appearance" at an event related to the HPZ Token app, which is currently facing scrutiny for money laundering activities.
No Incriminating Charges Against the Actress
Despite her involvement, sources clarified that no incriminating charges have been levied against Tamannaah. The actress had previously deferred a summons due to work commitments but opted to appear before the agency on Thursday.
Allegations in the Case
The investigation has implicated a total of 299 entities, including 76 controlled by Chinese nationals. The charge sheet filed by the ED in March identified ten directors of Chinese origin and two entities managed by other foreign nationals. The ongoing money laundering probe is based on an FIR that accuses multiple individuals associated with the HPZ Token app of defrauding investors by promising unrealistic returns through cryptocurrency mining.
Details of the Alleged Fraud
Authorities have reported that the HPZ Token mobile application was utilized by the accused to deceive investors. Bank accounts and merchant IDs linked to the app were allegedly opened through shell companies operated by dummy directors to conceal illicit activities. The FIR claims that funds were "fraudulently" collected for illegal online gaming, betting, and Bitcoin mining investments
The ED highlighted that investors were promised returns of ₹4,000 per day for an investment of ₹57,000 over three months, but payments were made only once. After this initial return, the operators sought additional funds from investors.
In connection with this case, the ED has conducted extensive searches across the country, leading to the seizure of immovable assets and deposits totaling ₹455 crore.
With inputs from PTI
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