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Market News

Drug Ring linked To Crypto Payments Busted In Ahmedabad

The illegal items that are seized include over 5.9 kg of processed 'ganja' and 2.31 grams of cocaine.

Written By Jalpa Bhavsar
Published 2023-10-02
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Drug ring linked to crypto payments busted in Ahmedabad

Indian city Ahmedabad’s Cyber Crime and Customs Department has busted an international drung ring linked to crypto payments. The Crime Branch Additional CP, Neeraj Badgujar, revealed the news on September 30.

The investigation seeks to identify the culprits responsible for the drug trade with the help of the dark web, social media, and payments made with cryptocurrency.

A cache of narcotics has seized 20 parcels from the Foreign Post Office, Shahibaug, that used a combination of technology and traditional smuggling techniques to peddle the drugs over the borders.

Over 5.97 kg of processed ‘ganja’ (cannabis) and 2.31 grams of cocaine, worth more than Rs 46 lakhs, were among the illegal items that were seized. An investigation is being undertaken to catch those involved in the illegal trade, which involved 20 couriers from the US, Canada, and Thailand.

The cover-up technique involved soaking pages in cocaine and then binding them inside books, as well as soft toys containing cannabis. Police suspect cryptocurrency was used to purchase the consignments, making it challenging to trace the transactions. The accompanying phone numbers and addresses were found to be fake after careful inspection.

The parcels came from questionable sources in the US, Canada, and other countries, which prompted local law enforcement to contact their counterparts abroad through international counterparts via the Ministry of External Affairs (MEA) and Ministry of Home Affairs (MHA). 

Also Read: Jamnagar Police Arrested Racket of Fake USDT Creator 

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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