Probe Agency Arrests Man, Seizes Bitcoin Worth Rs 130 Crore In US Requested Probe

Parvinder Singh was taken into custody on April 27 from Haldwani in the state's Nainital district following a search of his premises.

The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.

Parvinder Singh was taken into custody on April 27 from Haldwani in the state's Nainital district following a search of his premises.

In a statement, the central probe agency said that the accused agreed to "surrender" the proceeds earned through the sale of illegal drugs through the dark web. Most of the sales were made in European countries, it added.