Billion-Rupee Fraud Unveiled: ED Arrests COO

Cyber Crimes

Posted by AI on 2025-09-17 10:56:04 | Last Updated by AI on 2026-02-05 17:10:03

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In a shocking revelation, the Enforcement Directorate (ED) has exposed a massive 792 crore rupee fraud linked to the Falcon Invoice Discounting Scheme, resulting in the arrest of Aryan Singh, the Chief Operating Officer of M/s Capital Protection Force Pvt. Ltd. This arrest, executed under the Prevention of Money Laundering Act (PMLA), 2002, is a significant development in the ongoing investigation into the company and its promoter, Amardeep Kumar.

The ED's probe, initiated based on three FIRs filed by the Economic Offences Wing, Cyberabad, uncovered a sophisticated scam. Investors were lured with promises of unusually high returns through the Falcon Invoice Discounting Scheme, but investigators found that this business activity was a mere facade. Aryan Singh, as COO, played a pivotal role in this deception, managing teams to promote the scheme and interacting with investors to gain their trust. Despite being aware of the scheme's fraudulent nature, Singh facilitated the diversion of funds and personally profited, receiving 2.88 crore rupees across various accounts.

The mastermind behind this elaborate scam is identified as Amardeep Kumar, who even developed the Falcon Invoice app to entice investors. The ED's investigation has led to the seizure of substantial assets, including a Hawker 800A aircraft and properties worth 18.14 crore rupees. The agency has also arrested Sandeep Kumar, Amardeep's brother, and chartered accountant Shard Chandra Toshniwal, indicating the intricate web of individuals involved.

As the ED continues its probe, the public awaits further revelations and justice in this significant financial fraud case, which has shaken the trust of investors and underscores the need for robust regulatory measures.

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