Telangana Police nabs Falcon MD in Rs 850 cr digital investment fraud

 The Telangana Police have reportedly arrested Amar Deep, Managing Director of Falcon Group, in connection with a massive Rs 850 crore digital investment scam.

As per information available, he was taken into custody in Mumbai late Monday night shortly after arriving from the gulf. The arrest was made following an immigration alert, as a Look Out Circular had been issued earlier against



him.

A special police team acted on the inputs and detained him immediately after his arrival.

The police have alleged that Amar Deep collected nearly Rs 850 crore from investors through app-based digital deposit schemes, promising assured and unusually high returns. 

The funds were mobilised by projecting the schemes as investments linked to multinational companies and the stock market.