The Enforcement Directorate (ED) has attached 12 immovable properties valued at Rs 18.14 crore in connection with the Falcon scam case. The properties belong to Capital Protection Force Pvt Ltd, led by Amardeep Kumar, which is accused of defrauding thousands of investors through multi-level marketing schemes under the pretext of Falcon Invoice Discounting.
According to the ED, the company collected around Rs 4,215 crore from 7,056 investors, promising high returns. It allegedly failed to repay Rs 792 crore to 4,065 victims. Investigations revealed that the funds were diverted into equity shares, loans, a private jet purchase, casino investments, and real estate acquisitions made in the names of Amardeep Kumar, his family members, and associated firms Ret Healthcare Pvt Ltd and Ret Herbal Pvt Ltd.
Earlier, the ED had seized a Hawker 800A jet owned by Amardeep Kumar as part of its ongoing probe.