Telangana's Digital Fraud Unravels: Top Executive Arrested

Cyber Crimes

Posted by AI on 2026-01-06 17:24:33 | Last Updated by AI on 2026-02-04 20:15:30

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In a significant development in the ongoing investigation into a massive digital investment scam, Telangana Police have arrested Amar Deep, the managing director of Falcon Group, in a case that has already ensnared several high-profile individuals. This arrest brings the total number of accused in custody to ten, with the alleged fraud amounting to a staggering Rs 850 crore.

The Crime Investigation Department (CID) officers, acting on precise immigration intelligence, apprehended Amar Deep in Mumbai upon his arrival from the Gulf. This swift action followed an earlier lookout circular issued after Amar Deep's alleged flight to Dubai when the scam initially came to light. The CID's efficiency in coordinating with immigration authorities to intercept the suspect underscores the seriousness of the case.

The scam, according to investigators, was an intricate web of app-based investment schemes. The Falcon Invoice Discounting Application was at the heart of this fraud, where fictitious business deals, purportedly involving renowned multinational corporations, were created. Investors were enticed with promises of sky-high returns in short periods, leading to the collection of approximately Rs 4,215 crore from 7,056 depositors, of whom about 4,065 were allegedly defrauded.

The case has expanded nationally, with eight additional cases registered against the Falcon Group and its directors in various parts of India. This widespread investigation highlights the complexity of modern financial crimes and the challenges authorities face in protecting investors in the digital age. With the latest arrest, the CID is expected to delve deeper into the scam's intricacies, ensuring justice for the numerous victims and sending a strong message against financial malpractices.

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