The Enforcement Directorate (ED) collaborated with US authorities to conduct a search operation in Uttarakhand to uncover a Rs 3,000 crore rip-off involving digital currencies, experiences stated. The groups from the ED and the US Federal Bureau of Investigation (FBI) additionally arrested a person on suspicion of involvement in a world drug trafficking ring.
Citing sources, a report in The Financial Occasions stated that the ED initiated its investigation in August 2023 and final week, acted on a tip by the US authorities about two Indian people allegedly concerned in a drug trafficking operation.
On April 27, the ED arrested Parvinder Singh and Banmeet Singh from Haldwani, Uttarakhand, following raids carried out a day earlier.
How group used the darkish internet to promote medication
Based on the report, the group allegedly used darkish internet vendor marketplaces and freely accessible on-line ads to facilitate drug gross sales. As per the investigators, the organisation established a community of distributors and distribution cells. The transactions reportedly concerned cryptocurrency funds for medication, adopted by laundering these funds via cryptocurrency wallets.
The people reportedly used widespread aliases on varied darkish internet marketplaces, together with Silk Highway 1, AlphaBay, and Hansa.
A separate report claimed that the US FBI has already seized Rs 1,500 crore price of digital foreign money property linked to this operation. Moreover, the ED has recovered vital paperwork in regards to the case and shared them with the FBI.
The company additionally carried out an operation at Parvinder’s residence in Haldwani to seek for digital units utilized by him equivalent to computer systems, tablets, or smartphones to hold out the alleged crimes.
Citing sources, a report in The Financial Occasions stated that the ED initiated its investigation in August 2023 and final week, acted on a tip by the US authorities about two Indian people allegedly concerned in a drug trafficking operation.
On April 27, the ED arrested Parvinder Singh and Banmeet Singh from Haldwani, Uttarakhand, following raids carried out a day earlier.
How group used the darkish internet to promote medication
Based on the report, the group allegedly used darkish internet vendor marketplaces and freely accessible on-line ads to facilitate drug gross sales. As per the investigators, the organisation established a community of distributors and distribution cells. The transactions reportedly concerned cryptocurrency funds for medication, adopted by laundering these funds via cryptocurrency wallets.
The people reportedly used widespread aliases on varied darkish internet marketplaces, together with Silk Highway 1, AlphaBay, and Hansa.
A separate report claimed that the US FBI has already seized Rs 1,500 crore price of digital foreign money property linked to this operation. Moreover, the ED has recovered vital paperwork in regards to the case and shared them with the FBI.
The company additionally carried out an operation at Parvinder’s residence in Haldwani to seek for digital units utilized by him equivalent to computer systems, tablets, or smartphones to hold out the alleged crimes.