The Directorate of Enforcement (ED) has provisionally attached twelve immovable properties worth ₹18.14 crore in connection with the ₹792 crore fraud allegedly orchestrated by Hyderabad-based Capital Protection Force Pvt. Ltd. and its director Amardeep Kumar.The attachment, made under the Prevention of Money Laundering Act, 2002, is part of an ongoing investigation into a bogus invoice discounting racket that duped hundreds of investors under the guise of high returns. The properties, attached on Wednesday (July 30, 2025), are held in the name of Amardeep Kumar, his family members, and two firms, Rhett Healthcare Pvt. Ltd. and Rhett Herbal Pvt. Ltd.According to the agency, the scam revolved around a scheme dubbed ‘Falcon invoice discounting app’, which promised attractive returns by purportedly financing business invoices. However, ED’s probe has revealed there was no legitimate invoice discounting business at all.Instead, Amardeep Kumar allegedly developed and aggressively promoted the Falcon app through Google, YouTube and other social media platforms to solicit public investments. The entire scheme was a front, with investor money rerouted into a range of personal luxuries and corporate ventures, including equity investments, unsecured loans, casino spendings, and the purchase of a private jet.The ED pegged the total cheating amount around ₹792 crore, calling Amardeep Kumar the “mastermind” behind the operation. The app served as the key tool for gathering deposits, while false promises of high returns masked the absence of any real business activity.Earlier in March, the ED had seized a ‘Hawker 800A’ aircraft allegedly bought by Amardeep Kumar using the proceeds of crime. That seizure came during a series of searches carried out on March 7, 2025.The money laundering investigation stems from three FIRs registered by the Economic Offences Wing, Cyberabad Police. These cases accused Kumar and his company of defrauding investors with promises of lucrative returns that never materialised. The ED said further investigation is ongoing.Published - August 01, 2025 02:49 pm IST