The Falcon Scam, allegedly orchestrated by Capital Protection Force Pvt. Ltd. under the guise of Falcon Invoice Discounting, lured investors with promises of high returns.
Published May 19, 2025 | 11:31 AM ⚊ Updated May 19, 2025 | 12:38 PM
Arrest. (iStock)
Synopsis: In a major breakthrough, Telangana CID arrested two more suspects in the ₹4,215 crore Falcon Invoice Discounting scam. Rabindra Prasad Singh and Susma Raj, relatives of the main accused, were nabbed in Bihar. The duo allegedly played key roles in duping over 7,000 investors via a fake online platform. Efforts to trace remaining culprits and recover funds continue.
In a major breakthrough in the investigation of the latest ponzi scheme— Falcon Invoice Discounting scam— the Crime Investigation Department (CID) of Telangana has arrested two more suspects, lifting the hopes of investors who have been left and high dry after they made investments.
The accused, identified as Rabindra Prasad Singh (63) and Susma Raj (31), both residents of Hyderabad with roots in Bihar, were apprehended on 17 May 2025, in Bihar by a special CID team, CID director general Shika Goel said on Sunday, 18 May.
The duo, family members of the scam’s masterminds, are accused of playing active role in a fraud that siphoned off an estimated ₹4,215 crores from 7,056 depositors. The CID on 6 May arrested Yogendra Singh, CEO of Capital Protection Force Pvt. Ltd.
The Falcon Scam, allegedly orchestrated by Capital Protection Force Pvt. Ltd. under the guise of Falcon Invoice Discounting, lured investors with promises of high returns. They allegedly used a fraudulent online platform (www.falconsgrup.com) to trick the investors.
By fabricating deals linked to reputed multinational corporations, the accused enticed victims into short-term investment plans and then misappropriated their funds.
Rabindra Prasad Singh, the father of absconding accused Amardeep (Chairman and Managing Director) and Sandeep (Partner), founded Capital Protection Force as a manpower security firm before it morphed into a vehicle for fraud. Susma Raj, Sandeep’s wife, allegedly aided the scheme and lived lavishly off its proceeds. Both fled Hyderabad after the scam surfaced but were tracked down in Bihar.
The CID recovered incriminating items from the duo, including ₹8 lakh in cash, passports, nine mobile phones, two tablets, bank cards, cheque books, property documents, and identification cards. Interrogation has led to the identification of additional properties purchased with the scam’s proceeds.
The arrested individuals are being brought to Hyderabad on transit remand and will be presented before a magistrate for judicial custody. Meanwhile, the hunt continues for Amardeep and Sandeep, who remain at large.
The Falcon Scam relied on a appealing modus operandi. The accused developed a deceptive online application and aggressively marketed it through social media platforms like Google, YouTube, and Instagram, as well as through tele-callers. Fake invoices and agreements were issued to reassure investors, who were promised lucrative returns.
Instead, the collected funds—amounting to ₹ 4,215 crores—were diverted for personal gain, leaving thousands of depositors in financial ruin.
Three cases (Cr. No. 10/2025, 11/2025, and 12/2025) have been registered under charges of criminal breach of trust, cheating, and conspiracy, as well as violations of the Telangana State Protection of Depositors of Financial Establishments Act, 1999. The investigation, initially handled by the Economic Offences Wing in Cyberabad, was transferred to the CID for deeper scrutiny.
Shikha Goel, Director General of CID, Telangana said: “Our team is working tirelessly to bring all culprits to justice and recover the misappropriated funds.”
In a public advisory, she advised citizens to steer clear of online Ponzi schemes promising unrealistic returns. “Do not invest hard-earned money in unverified platforms,” Goel said adding that Stringent action will be taken against those running or facilitating such frauds.
(Edited by Sumavarsha)
