ED Auctions Seized Business Jet Parked at Shamshabad Airport 'Ponzi Case'

The Enforcement Directorate (ED) on Friday said it has auctioned a seized business plane for Rs 3 crore as part of a money laundering investigation against a Hyderabad-based company and its promoters on charges of duping investors through a multi-crore Ponzi scheme. 

The Hawker 800A aircraft, parked at Shamshabad airport in Telangana's capital city, was seized by the central agency's Hyderabad zonal office in March 2025 during searches in the case against the company named Capital Protection Force Pvt. Ltd.

The ED subsequently moved an application before the Adjudicating Authority of the Prevention of Money Laundering (Taking



possession of attached or frozen properties confirmed by the Adjudicating Authority) Rules, 2013, seeking permission to sell the seized aircraft, the agency said in a statement. 

The adjudicating authority allowed the ED to auction the seized aircraft in November 2025, it said. The plane was auctioned through Metal Scrap Trade Corporation Ltd (MSTC) on July 1 for a sale consideration of Rs 3 crore, according to the ED.

This money shall be utilised by the ED for restitution to the genuine investors in accordance with the provisions of the PMLA, subject to the leave of the Special Court established under the anti-money laundering law, it said.