₹792 Crore Falcon Fraud: ED Detains Auditor Over Invoice Scam
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Summary
The ED Hyderabad unit arrested Sharad Chandra Toshniwal, a chartered accountant, in connection with the Falcon invoice discounting fraud case under PMLA. The scam involved Capital Protection Force Pvt...
Key Details
Published
22 August 2025 at 06:00 am
Source
The 420
Channel
fake app
Victim Profile
investor
State
Telangana
City
Hyderabad
Amount Loss Range
> ₹10000000
Fraud Keywords
invoice discounting fraudfalcon app fraudstatutory auditor complicitybenami investmentscash launderingshell companiesinvestment scheme fraudponzi schemechartered accountant fraud
Tags
Digital Footprint
Sharad Chandra Toshniwal (arrested chartered accountant)Capital Protection Force Pvt Ltd (shell company)Falcon invoice discounting schemeFalcon invoice appAmardeep Kumar (mastermind)Sandeep Kumar (arrested brother)₹792 crore (total fraud amount)₹14 crore (cash laundering)₹18 crore (attached assets)Rhett Healthcare Pvt Ltd (shell company)Rhett Herbal Pvt Ltd (shell company)RDP Workstations Pvt Ltd (shell company)Swastik Ghee Pvt Ltd (shell company)Economic Offences Wing, CyberabadPrevention of Money Laundering Act (PMLA)