The ED recorded Tamannaah Bhatia’s statement under the Prevention of Money Laundering Act (PMLA) at its zonal office in Guwahati. Sources close to the investigation indicated that Bhatia had received payments for a ‘celebrity appearance’ at an event organized by the app company. While no incriminating evidence was found against the actor, the authorities are scrutinizing her involvement to clarify the financial transactions linked to the HPZ Token case.

The actor had previously deferred the ED’s summons due to work commitments but opted to cooperate and appear on Thursday. As part of the investigation, the focus has also expanded to Bhatia’s alleged role in promoting “Fair Play,” a betting exchange platform that offers various forms of gambling, including sports betting. Fair Play is a subsidiary of the Mahadev online gaming app, which is currently under investigation for facilitating illegal betting in live sports and games of chance.

Although no direct accusations have been made against Tamannaah Bhatia, the ED is keen on understanding her association with the companies and how these promotions could have been linked to financial misconduct or illegal activities. The investigation remains ongoing as authorities continue to probe the financial networks involved in the cryptocurrency scam and online betting platform.

This case highlights the growing concerns over the use of cryptocurrency and betting platforms in potential money laundering schemes and the involvement of high-profile figures in such cases. As the investigation continues, the ED remains focused on uncovering the broader network behind the alleged scam.

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ED’s Investigation into HPZ Token App Scam

The ED has been investigating the HPZ Token mobile app for its involvement in defrauding numerous investors. According to sources, the app lured users by promising high returns on cryptocurrency investments, particularly Bitcoin mining. Many investors were led to believe that they could earn substantial profits daily, only to be deceived by the fraudulent scheme.

The scam reportedly involved illegal money transfers, and the app is believed to have defrauded investors to the tune of crores of rupees. Investigations revealed that the funds were laundered through fake bank accounts, and the ED has so far seized assets worth approximately ₹497.20 crore in connection with the scam.

Tamannaah’s Involvement

While Tamannaah Bhatia has not been charged with any criminal wrongdoing, she was summoned by the ED due to her role in promoting the HPZ Token app. The ED questioned her regarding her association with the app and whether she received any financial benefits from her endorsement.

Sources close to the investigation revealed that Tamannaah had indeed promoted the app and received payment for it. She appeared before the ED officials in Guwahati, accompanied by her mother. The investigation primarily focused on understanding her involvement in promoting the app, as well as the financial transactions linked to the case.

It is important to note that the actress has cooperated fully with the authorities, and there are no charges against her at this point. However, her involvement has raised questions, particularly as the app is part of a larger scam involving substantial sums of money.

Previous Interrogations

This isn’t the first time Tamannaah has been questioned by the Enforcement Directorate. Earlier, she was interrogated in connection with another case involving a betting app called the Fair Play App, which was accused of broadcasting Indian Premier League (IPL) matches illegally. The Fair Play App, a subsidiary of Mahadeva, has also come under the ED’s radar for alleged illegal activities. In that case, a chargesheet filed by the ED named 299 companies, including 76 Chinese-controlled firms, for their involvement in fraudulent schemes.

The HPZ Token Scam and Public Fallout

The HPZ Token app promised to make investors rich by claiming to generate daily profits of ₹4,000 on an investment of ₹57,000. However, the app was a scam, leading to significant financial losses for those who invested. The scam is one of many cases of fraudulent schemes in the cryptocurrency world that have targeted unsuspecting investors, leaving a trail of financial devastation.

In connection with this scam, the ED is working to seize and recover the assets involved. So far, the investigation has uncovered massive illegal financial transactions using fake bank accounts, and more than ₹497 crore in assets have already been seized. The ED continues to investigate other individuals who may have been involved, both directly and indirectly, in promoting and operating the app.

Conclusion

The ED’s questioning of Tamannaah Bhatia is part of a broader investigation into the HPZ Token app and its cryptocurrency scam. While the actress has not been charged, her promotion of the app has drawn significant attention. The authorities are working to ensure that justice is served for the victims of the scam, and more details are expected to emerge as the investigation unfolds.

The case highlights the importance of due diligence before endorsing or investing in financial ventures, especially in the rapidly growing yet volatile world of cryptocurrencies.

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