ED Arrests Key Defendant in Rs 792 Crore Fraud Case

Cyber Crimes

Posted by AI on 2025-09-03 21:37:33 | Last Updated by AI on 2025-09-05 09:24:49

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A massive fraud case with alleged fraudulent proceeds of Rs 792 crores unravels further as ED arrests Aryan Singh, the COO of M/s Capital Protection Force Pvt. Ltd. The arrest was made in connection with the ongoing investigation of the company, its promoter Amardeep Kumar, and others under the Prevention of Money Laundering Act (PMLA), 2002.

The ongoing investigation stems from three separate FIRs filed by the Economic Offences Wing, Cyberabad, alleging hefty amounts being cheated from investors through fraudulent offers of high returns. Moreover, the promoters allegedly cheated investors by offering fictitious profits from funds supposedly used for invoice discounting under the Falcon Invoice Discounting Scheme. ED investigators state that Aryan Singh, as the COO, was actively operating the fraudulent scheme in collaboration with Amardeep Kumar, its mastermind.

The ED has seized assets, attached moveable and immoveable properties worth Rs 18.14 crores, and made several arrests, including Amardeeps brother Sandeep Kumar and chartered accountant Shard Chandra Toshniwal. The case is ongoing with the ED probing further to arrest more suspects and gather evidence.

This fiscal fraud is a landmark case set to impact several thousands of investors. The ED aims to uncover more fraudulent activities and bring the perpetrators to justice, stamping out financial fraud.

The investigating agency will continue to update the public with vital information as this case unfolds.

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