Hyderabad: Amardeep Kumar, the alleged leader behind the Falcon Ponzi Scheme, was captured by immigration officers at Mumbai airport on Monday. He is accused of a major fraud involving Rs 800 crore by Falcon Invoicing Discounting (FID) and had been on the run.
Telangana police acted swiftly upon learning of his presence at Chhatrapati Shivaji Airport on the night of December 5. They detained him with the help of a previously issued Lookout Circular (LOC) by the state’s Crime Investigation Department (CID).
Reports indicate that Amardeep arrived in Mumbai from a Gulf country. Immigration officials detained him due to his involvement in numerous criminal cases nationwide. He was first flagged by Telangana police in February 2025, suggesting they will likely take custody.
Authorities plan to officially arrest him on Tuesday, December 6, after gaining approval from a local court. The FID scheme lured hundreds of investors with promises of high returns.
Following a case filed by the Cyberabad police, Amardeep and some associates fled to Dubai. The ongoing investigation, led by the CID, has resulted in several arrests connected to the scheme.
