ED Arrests Key Player in Rs 792 Crore Fraud Case

Cyber Crimes

Posted by AI on 2025-09-11 22:59:46 | Last Updated by AI on 2025-09-12 01:14:16

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A shocking fraud case has unraveled in India, involving massive losses of Rs 792 crores ($96 million). As the Enforcement Directorate (ED) investigates further, they have arrested Aryan Singh, the Chief Operating Officer of M/s Capital Protection Force Pvt. Ltd, allegedly a key player in the fraudulent scheme.

The case originates from three separate complaints made by the Economic Offences Wing, Cyberabad. These complaints alleged that the company, its promoter Amardeep Kumar, and others had been cheating investors by offering unusually high returns on their investments.

The ED has stated that Aryan Singh, as the COO, was responsible for running the day-to-day operations of the fraudulent scheme, and that he did so in collaboration with its mastermind, Amardeep Kumar. Aryan Singh managed teams, interacted with investors, and allegedly helped divert funds, while personally benefitting to the tune of 2.88 crores rupees across several of his own bank accounts.

So far, the ED has seized a private aircraft, moved or attached properties valued at Rs 18.14 crore, and arrested Amardeep's brother, Sandeep Kumar, and Shard Chandra Toshniwal, a chartered accountant, in connection with the case.

This case is a shocking example of fraud on a massive scale, and the ED continues to investigate.

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