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Telangana: Falcon Invoice Discounting scam: CID arrests kingpin in Rs.4,200-crore fraud

The Crime Investigation Department (CID) of Telangana has arrested Amardeep Kumar, the Managing Director of Falcon Invoice Discounting, in connection with a significant investment scam valued at over Rs. 4,215 crore. His arrest occurred at Mumbai Airport after returning from Iran, based on a Look Out Circular, and he is now being transported to Hyderabad for further interrogation.

Central India's Premier English Daily

Central India's Premier English Daily

Credit: Centralchronicle

Key Highlights

  • Amardeep Kumar is the Managing Director of Falcon Invoice Discounting.
  • The scam involves over Rs. 4,215 crore in fraudulent activities.
  • Kumar was arrested at Mumbai Airport after returning from Iran.
  • The case is linked to M/s Capital Protection Force Pvt. Ltd.
  • Charges include cheating, criminal breach of trust, and conspiracy.
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Sources

  1. Falcon Invoice Discounting MD held in ₹792 crore deposit fraud
  2. Telangana: Falcon Invoice Discounting scam: CID arrests kingpin in Rs.4,200-crore fraud

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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