CID Arrests Falcon CEO

Hyderabad: The Crime Investigation Department (CID) has arrested Yogendra Singh, CEO of Falcon Group, for allegedly swindling Rs 4,215 crore by cheating over 7,000 depositors by a Ponzi scheme under the pretext of a fake invoice discounting. Singh, 38, was at large since February 2025, after cases were registered against the firm by the Cyberabad economic offences wing (EOW), based on complaints from victims across the state. Acting on a tip-off, the CID apprehended him upon his return to Hyderabad from Dubai.

Capital Protection Force Pvt. Ltd developed the ‘Falcon Invoice Discounting Application’ to operate the scheme. The application, heavily advertised on various social media platforms, lured victims by high returns from investments allegedly backed by invoice deals with reputed multinational corporations.

Investigations revealed that the accused created fake agreements and receipts to dupe investors. Around 4,065 investors are believed to have lost approximately Rs 792 crore, with total deposits exceeding Rs 4215 crore from 7,056 depositors. Three FIRs (Cr. No. 10/2025, 11/2025, and 12/2025) were registered under relevant sections of the BNS and the TSPDEF Act, 1999.

CID officials confirmed that Singh was working closely with Amar Deep Kumar, managing director and main accused, and other associates including Sandeep Kumar, Amar Deep’s brother. Singh had fled to Dubai before the case was officially registered in February 2025. While in Dubai, he was appointed the CEO of another company, Virgio Real Estate Pvt. Ltd., allegedly floated by the same group.

The investigation is ongoing to trace the remaining accused involved in the case.