Falcon Scam: ED Seizes ₹18.14 Crore in Assets

Fast Summary

• The Directorate of Enforcement (ED) has attached twelve immovable properties worth ₹18.14 crore linked to the ₹792 crore fraud involving Capital Protection Force Pvt. Ltd., Hyderabad, and its director Amardeep Kumar.
• The attachment was made under the Prevention of Money Laundering Act, 2002, as part of an inquiry into a bogus invoice discounting racket labeled as ‘Falcon invoice discounting app.’
• The scam sought public investments by promising high returns but had no legitimate invoice discounting business. Funds were allegedly rerouted for personal luxuries and corporate ventures.
• Prominent expenses included equity investments, unsecured loans, casino spending, and buying a private jet valued at ₹800 crore.
• Earlier in March 2025, ED seized a Hawker 800A aircraft allegedly purchased with fraud proceeds during searches conducted on March 7.
• the investigation followed three FIRs filed by Cyberabad Police’s Economic Offences Wing against Amardeep Kumar for defrauding investors via false claims of lucrative returns using the Falcon app.
• ED’s inquiry is ongoing.

indian Opinion Analysis

The alleged ₹792 crore fraud highlights growing sophistication in financial scams that exploit emerging technological platforms like apps and digital marketing strategies. This case underscores vulnerabilities in investor protection mechanisms within India’s burgeoning fintech ecosystem. By attaching properties under PMLA and identifying fraudulent actors such as Amardeep Kumar behind schemes like ‘Falcon invoice discounting app,’ enforcement agencies tackle both crime proliferation and erosion of public trust in legitimate investment avenues.

Investor awareness campaigns focusing on due diligence may emerge as necessary countermeasures to prevent such incidents. Moreover, robust oversight structures over tech-enabled financial products seem critical to safeguarding citizens’ livelihoods amidst expanding digital finance opportunities in India.

Read more: The Hindu