Hyderabad: Crime Investigation Department (CID) Telangana arrested the Chief Operating Officer (COO) of the Falcon Invoicing company.

The case involves unauthorized deposits, criminal breach of trust, cheating, and conspiracy. The accused misled depositors by using the Falcon Invoice Discounting Application. Going further into details, they created fake deals with well-known MNCs and lured depositors with promises of high interest rates on short-term plans. In total, they collected around Rs. 4,215 crores from 7,056 depositors, out of which 4,065 victims were cheated to the tune of Rs. 792 crores.

On the complaints of victims, three cases were investigated by the Cyberabad police and transferred to the CID, Hyderabad for further investigation.  Eight more cases have been registered against the accused company and its directors across India.

On 04-07-2025, the Chief Operating Officer of the Falcon Invoicing company, Aaryan Singh alias Aaryan Singh Chhabra, was apprehended by CID, TG at Bathinda, Punjab, and produced before the local court for transit remand. He was brought to Hyderabad and produced before the Magistrate at Hyderabad for judicial remand on Sunday.

Modus Operandi

The accused company M/s Capital Protection Force Pvt., Ltd., developed the Falcon Invoice Discounting Application. Further advertised through social media platforms, i.e., Google, YouTube, Instagram, and through tele-callers. The accused created fake deals in the name of MNCs. And collected crores of rupees as deposits from the innocent depositors, issued invoice receipts and agreements, and cheated the public.

The accused, Aaryan Singh alias Aaryan Singh Chhabra, COO of Falcon Invoicing. According to investigation officials, he was actively involved with the main accused, Amar Deep Kumar, MD of the company, and other accused persons to attract depositors and cheat the gullible victims. He was the face of the scam, dealt with the victims, and issued the receipts.

He collected strategic deposits to the tune of Rs. 14,35,00,000 from the victims on behalf of the company. The accused Aaryan Singh alias Aaryan Singh Chhabra diverted an amount of Rs. 1,62,55,619 to his account from the funds of Falcon. Soon after the reporting of the crime, he fled to Nanded and from there to Bathinda, Punjab and took shelter in a Gurudwara.

On credible information, a special team of CID Telangana went to Bathinda, Punjab, and apprehended him.  Police seized two cell phones and incriminating documents from his possession. In addition to Aaryan Singh, nine persons have been arrested in this case so far. Active investigation is in progress for arresting all the absconding accused and establishing the crime.

The investigation is carried out under the direction of Charu Sinha, IPS, Additional Director General of Police, CID, Telangana.

Public Advisory

People are requested not to believe online Ponzi schemes promising unbelievable return rates and not to invest their hard earned money in such schemes.