India, April 27 -- The enforcement directorate (ED) has exposed a digital currency scam totalling INR 3,000 Cr based on a joint international operation with inputs from the Federal Bureau of Investigation (FBI).

As per Moneycontrol's report, the agency arrested Parvinder Singh from Uttarakhand's Haldwani today (April 27) following raids.

A special team of the FBI is also in India regarding the case, the report said, citing sources.

The ED initiated the investigation after the FBI launched a probe into the operation and discovered a link to India.

The modus operandi of the case involves converting illicit proceeds from the drug trade into digital currency and remitting them outside India, with the US FBI having already seized digital c...