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Indian firm's MD cheats 7,000 people of ₹4,215 crore using fake website & app, arrested
short by Ashley Paul / on Tuesday, 6 January, 2026
Falcon Invoice Discounting MD Amardeep Kumar has been arrested for allegedly cheating over 7,000 people of ₹4,215 crore using a fake website and mobile application. Kumar and his accomplices created fake invoice discounting deals in the names of reputed MNCs and induced investors with promises of high short-term returns. Telangana Police has also attached 12 plots and four luxury cars.