Overview
- Telangana CID intercepted Amardeep Kumar at Mumbai Airport on a Look Out Circular as he arrived from Iran.
- Investigators say Capital Protection Force Pvt. Ltd. ran the operation under the Falcon Invoice Discounting brand via a fake website and app touting high short-term returns.
- The scheme raised about ₹4,215 crore from 7,056 depositors, with 4,065 investors allegedly cheated of roughly ₹792 crore.
- Eleven accused, including directors, senior executives and a chartered accountant, have been arrested and remanded, and cases invoke cheating, criminal breach of trust, criminal conspiracy and the TSPDFE Act, 1999.
- Assets worth about ₹43 crore—plots, luxury cars, cash, gold, shares and bank balances—have been identified for attachment as the CID traces the money trail and warns the public to verify investment platforms.