HYDERABAD: The Telangana Police has arrested Falcon Invoice Discounting Managing Director Amardeep Kumar, the main accused in the digital investment scam, an official said on Tuesday.
Officials of the CID arrested him at Mumbai Airport on Monday after he arrived from Iran.
Additional Director General, CID, Charu Sinha, said on Tuesday that he is being brought to Hyderabad on transit remand.
The CID had already issued a lookout circular against Amardeep Singh, who had allegedly fled to Dubai after the scam came to light.
According to CID, it is a case of collection of unauthorised deposits, criminal breach of trust, cheating, and criminal conspiracy by Capital Protection Force Private Limited, operating under the brand name Falcon Invoice Discounting.