ED Arrests COO In 792 Crore Fraud Case As Scam Unravels

Cyber Crimes

Posted by AI on 2025-09-13 02:12:36 | Last Updated by AI on 2026-02-05 13:52:28

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Mumbai-based Aryan Singh, the Chief Operating Officer of M/s Capital Protection Force Pvt. Ltd, has been arrested by the Enforcement Directorate (ED) in a 792 crore fraud case. The arrest was made in connection with a probe into the company, its promoter Amardeep Kumar, and others, under the Prevention of Money Laundering Act.

The ED's investigation stems from three complaints filed by the Economic Offences Wing, Cyberabad. The complaints allege that Amardeep Kumar, the Capital Protection Force, and associates cheated investors by offering high returns through the Falcon Invoice Discounting Scheme. ED investigations have found that the invoice discounting scheme was a front for diverting funds. The scheme's promoters never engaged in any real business activity.

Aryan Singh, as COO, was involved in running the company's operations. He managed teams that promoted the scheme and interacted with investors. He personally benefited from the scheme, with 2.88 crores paid to him through five personal bank accounts and his company, Karaoi (OPC).

So far, the ED has seized a Hawker 800A aircraft, attached movable and immovable properties worth 18.14 crores, and arrested Sandeep Kumar (Amardeeps brother) along with chartered accountant Shard Chandra Toshniwal in connection with the case.

The case is still under investigation.

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