Indian firm's MD cheats 7,000 people of ₹4,215 crore using fake website & app, arrested
short by
Ashley Paul /
09:13 am 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.