Telangana CID arrests Falcon Group ex-COO in Rs 792 cr investment scam

• Telangana CID arrested Vikas Kumar Sakhare, former COO of Falcon Group, in a Rs 792 crore deposit fraud.
• Sakhare played an active role in the offense, involving the Falcon Invoice Discounting Application.
• Accused cheated 4,065 people of Rs 792 crores by creating fake deals in the names of reputed MNCs, promising high interest rates.
• The company, M/s Capital Protection Force Pvt Ltd, advertised through social media and tele-callers, collecting crores from depositors.
• Operating since 2021, the scheme was a Ponzi scheme, diverting funds to shell companies before collapsing by January 2025.