₹2,200 Crore Crypto Fraud: Bhupesh Arora Declared Fugitive, Government Moves to Seize Assets

A Dimapur court has declared Bhupesh Arora, the mastermind behind a staggering ₹2,200 crore crypto scam involving the HPZ Token, a fugitive economic offender. This ruling allows authorities to confiscate his assets as he is believed to have fled to Dubai to evade prosecution. The scam, which promised investors substantial returns, primarily affected victims in Nagaland and Assam, leading to extensive investigations by the Enforcement Directorate. The court case further underpins the severe fallouts of a financial fraud related to cryptocurrencies.

 

Source: Indian Express, Hindustan Times