The Central Bureau of Investigation (CBI) filed a charge sheet against two Chinese nationals linked to the HPZ Token fraud case. Over ₹1,000 crore was illegally taken using shell companies during the COVID lockdown, officials said on December 10, 2025. The scam involved Shigoo Technology Private Limited, run by Chinese owners. They used a fake app called "HPZ Tokens" that promised high returns from cryptocurrency mining. CBI's probe showed the fraud was part of a larger cybercrime network run by foreign nationals. This group ran scams with fake loan apps, investment platforms, and bogus job offers after the pandemic. Officials said, "Wan Jun and Li Anming came to India to set up the company and infrastructure, then left and operated remotely. Both never joined the investigation and remain fugitives." Upon taking over, CBI arrested six local suspects linked to the fraud. A total of 30 entities, including the two Chinese and 27 others, plus three companies, were charged. CBI said, "Wan Jun directed Jilian Consultants India Private Limited, a subsidiary of the Chinese Jilian Consultants. With Dortse, they created multiple shell companies including Shigoo Technologies." These shell firms laundered over ₹1,000 crore within months. The syndicate controlled a connected cyber fraud network overseas. The agency found the frauds misused new payment aggregators that move money fast. These systems allowed partial payouts to investors to build trust. "Payment aggregators, new in India, provided fast, technology-driven collection and payouts across many bank accounts," the spokesperson said. Jilian Consultants also hired company secretaries to create shell firms. These firms converted cash into cryptocurrency before sending funds abroad. The CBI's charge sheet marks a major step in cracking this vast cyber scam linked to foreigners exploiting India's tech systems.