Overview

• Chartered accountant Sharad Chandra Toshniwal was arrested under the PMLA and sent to 14 days’ judicial custody by the Special PMLA Court in Hyderabad.
• The probe stems from three FIRs by Cyberabad’s Economic Offence Wing accusing Capital Protection Force and promoter Amardeep Kumar of enticing investors with a fake high‑return scheme.
• ED findings say no real invoice discounting occurred, deposits were collected via a Falcon app, and investors were cheated of about ₹792 crore.
• The agency alleges Toshniwal managed finances for Kumar-linked entities, funneled proceeds into Rhett Healthcare, Rhett Herbal, RDP Workstations and Swastik Ghee, and held shares through relatives and proxies.
• Investigators say he arranged about ₹14.81 crore in cash transactions to conceal the money; earlier actions include asset attachments worth roughly ₹18.14 crore and the arrest of Sandeep Kumar, with the investigation continuing.