According to reports, the Enforcement Directorate (ED) in collaboration with US authorities conducted a search operation in Uttarakhand and uncovered a Rs 3,000-crore scam involving digital currencies. A team of ED and the Federal Bureau of Investigation (FBI) also arrested a man for his alleged involvement in an international drug trafficking organization.
The Economic Times reported, citing sources, that the ED began the investigation in August 2023 and acted last week on a tip-off from US authorities about two Indian nationals allegedly involved in drug trafficking activities. I told him that I did.
On April 27, the ED arrested Parvinder Singh and Banmeet Singh, residents of Haldwani, Uttarakhand, following a raid conducted the previous day.
How the group used the dark web to sell drugs
The group allegedly used dark web vendor marketplaces and freely available online advertising to facilitate drug sales, according to the report. According to investigators, the organization established a network of distributors and sales cells. The transaction reportedly involved cryptocurrency payments for drugs and subsequent laundering of funds through cryptocurrency wallets.
These individuals reportedly used common aliases on various dark web marketplaces, including Silk Road 1, AlphaBay, and Hansa.
Another report claimed that the US FBI has already seized digital currency assets worth Rs 1.5 billion related to the operation. Additionally, the ED recovered important documents related to the case and shared them with the FBI.
The agency also carried out a search operation at Palvinder's residence in Haldwani to search for computers, tablets, smartphones and other electronic devices used by him in the alleged crime.
The Economic Times reported, citing sources, that the ED began the investigation in August 2023 and acted last week on a tip-off from US authorities about two Indian nationals allegedly involved in drug trafficking activities. I told him that I did.
On April 27, the ED arrested Parvinder Singh and Banmeet Singh, residents of Haldwani, Uttarakhand, following a raid conducted the previous day.
How the group used the dark web to sell drugs
The group allegedly used dark web vendor marketplaces and freely available online advertising to facilitate drug sales, according to the report. According to investigators, the organization established a network of distributors and sales cells. The transaction reportedly involved cryptocurrency payments for drugs and subsequent laundering of funds through cryptocurrency wallets.
These individuals reportedly used common aliases on various dark web marketplaces, including Silk Road 1, AlphaBay, and Hansa.
Another report claimed that the US FBI has already seized digital currency assets worth Rs 1.5 billion related to the operation. Additionally, the ED recovered important documents related to the case and shared them with the FBI.
The agency also carried out a search operation at Palvinder's residence in Haldwani to search for computers, tablets, smartphones and other electronic devices used by him in the alleged crime.
