Hyderabad: Telangana’s Criminal Investigation Department (CID) has arrested Aryan Singh, Chief Operating Officer (COO) of the Falcon Group, in connection with the ₹4,215 crore Falcon Invoice Discounting App scam. Singh, one of the prime accused in the case, was apprehended by a special CID team in Bathinda, Punjab, on July 4 and was brought to Hyderabad on transit remand. He was later produced before a magistrate and remanded to judicial custody, according to CID Additional DGP Charu Sinha.
The scam was orchestrated through a mobile application operated by Capital Protection Force Pvt. Ltd. under the name ‘Falcon Invoice Discounting.’ The app falsely claimed to offer high returns on short-term investments by showcasing fake deals with reputed multinational companies. The accused extensively promoted the app through social media platforms and telecallers, attracting substantial deposits from the public.
According to the CID, approximately ₹4,215 crore was collected from 7,056 individuals across the country. Of these, 4,065 victims reportedly lost ₹792 crore. Initially, three cases were registered at the Cyberabad EOW police station, which were later transferred to the CID for further investigation. An additional eight cases have been filed against the group in various parts of the country.
Aryan Singh, named as the fifth accused, is alleged to have played a key role in the operation along with the company’s Managing Director Amar Deep Kumar. Singh was reportedly responsible for interacting directly with investors, issuing forged receipts, and acting as a key representative of the fraudulent scheme. CID officials have identified that Singh alone collected ₹14.35 crore in critical deposits and diverted ₹1.62 crore into his personal account.
Following the unravelling of the scam, Singh initially fled to Nanded before taking shelter at a gurdwara in Bathinda. Based on specific intelligence, the CID team tracked him down and seized two mobile phones and incriminating documents during the arrest. Authorities confirmed that a total of 10 individuals have been arrested in connection with the case so far, while efforts are ongoing to trace the remaining accused.
