ED conducts raid, freezes Rs 9.82 cr of 9 Chinese controlled firms in money laundering case

The Enforcement Directorate (ED) has carried out searches and frozen account balances of Rs 9.82 crore of nine Chinese-controlled entities with respect to an investigation relating to the misuse of an App-based token named "HPZ" and other similar applications by several entities under money laundering probe, the agency said on Thursday.