The Enforcement Directorate (ED) arrested Aryan Singh, COO of Capital Protection Force Pvt Ltd, in connection with a Rs 792 crore Falcon invoice discounting scam. Investigations revealed Singh colluded with mastermind Amardeep Kumar, diverted funds, and personally gained Rs 2.88 crore.
The Enforcement Directorate has arrested Aryan Singh, COO of Capital Protection Force Pvt Ltd, in connection with a Rs. 792 crore Ponzi scheme disguised as an invoice discounting platform named ‘Falcon’. Acting under the Prevention of Money Laundering Act (PMLA), the ED found that Singh actively managed operations and lured investors despite knowing the scheme was fraudulent.
