ED seizes business jet in Hyderabad | News World

The Enforcement Directorate has seized a business jet parked at the Hyderabad airport as part of a money laundering investigation against a Hyderabad-based company and its promoters who allegedly duped investors in a Rs 850 crore Ponzi “scam”.

The case stems from a Cyberabad police FIR against Falcon Group (Capital Protection Force Pvt Ltd), its CMD Amar Deep Kumar and some others, official sources said on Saturday. It is alleged that the group “collected” Rs 1,700 crore from investors for high returns through a “fraudulent” invoice discounting investment scheme. Rs 850 crore, out of the total funds, was re-paid leaving a total of 6,979 investors unpaid, according to the sources. Kumar, the sources said, fled the country using this jet. He or his company could not be…more

• Visit Things From Another World for a massive selection of Star Wars, Hellboy, Manga, Superheroes and other pop culture favorites.

1. Black Canary: Best of the Best
2. Amazing Spider-Man #60
3. Amazing Spider-Man #60 25 Copy Incv Alessandro Cappuccio Var
4. Captain America #14