TGANB Arrests Three Nigerians for Money Laundering in Hyderabad
The arrested were found to be using the dark web and Forex money agents to launder money, transferring funds earned through drug sales to evade law enforcement.
By : DC Correspondent
Update: 2025-04-05 05:42 GMT
Hyderabad: In a major crackdown, the Telangana Anti-Narcotics Bureau (TGANB) police have arrested three Nigerian nationals for their involvement in a sophisticated money laundering operation linked to drug sales, both in India and abroad. The arrests were made as part of an investigation into the illegal transfer of money earned from drug trafficking, with authorities seizing drugs worth Rs. 12.50 lakh from the accused.
The arrested were found to be using the dark web and Forex money agents to launder money, transferring funds earned through drug sales to evade law enforcement.
According to police, the gang was not only selling drugs within India but also targeting young women in America, trapping them in a cycle of drug abuse and using the proceeds to funnel money back to India. The cash was then illegally channeled from India to Nigeria, their home country, through clandestine networks.