The Criminal Investigation Department (CID) was arrested by Aaryana Singh, the main operating director (COO) of the extensive ponzi scheme immersed as a platform for the discounting invoice. The “Falcon” scheme siphon at least CRORE 792 GBP 4,065 unsuspecting investors.
Singh, at the age of 39, was arrested on July 4 in Bathinda, Panjab and brought to Hyderabad for transit. On Saturday he was produced in front of the judge and was taken into judicial custody. It is a tenth to be arrested in the ongoing investigation.
The company allegedly used social media platforms, such as YouTube, Google and Instagram, as well as calls with calls, to attract depositors by offering high short -term revenues through false transnational corporations.
According to CID officials, Singh, who lived in Banjara Hills, Hyderabad, played a key role in fraud. He not only issued income and agreements to depositors as COO, but also actively participated in the design of this program with the CEO of Amar Deep Kumar. Singh reportedly gathered strategic deposits worth 14.35 GBP Crore from victims and diverted Crore 1.62 GBP to his personal account.
The case was reserved by the wing of economic crimes, Cyberabad and later transferred to CID for further investigation. Eight other companies were filed against the company and its directors across the country.
After the initial complaints, Singh has fled to Nanded before moving to Bathindy, where he hid in Gurdware. The CID team, which worked on a specific intelligence, confiscated him and confiscated two mobile phones and several accusing documents during his arrest.
Published – 6 July 2025 20:30
