What is Ponzi scam:
A Ponzi scheme is an investment fraud in which money obtained from new investors is used to pay out to current investors. Ponzi scheme operators frequently guarantee that their investments will yield a profit while posing little to no risk. However, the scammers do not invest the money in a lot of Ponzi schemes.

What did ED seized in Hyderabad:
According to the Official source, the Enforcement Directorate (ED) in Hyderabad confiscated the private jet that Falcon Group CMD Amar Deep Kumar allegedly used to flee India on Saturday.

After an FIR was filed against the Hyderabad-based Falcon Group (Capital Protection Force Pvt Ltd), its CMD, and other promoters. The plane, which was valued at about ₹14 crore, was seized as part of a money laundering probe. An estimated ₹850 crore in fraud was discovered during the ED’s inquiry.

What Did Falcon Group do:
The Falcon Group allegedly collected over ₹1,700 crore from investors in the guise of invoice discounting. On failing to deliver returns, the group reportedly paid back only ₹850 crore to some investors. Last month, officials apprehended Pavan Kumar Odela and Kavya Nalluri of Falcon Capital in connection with the alleged scam.

Also Read: Hari Hara Veeramallu Release Date Confirmed!

How did ED Officials know about this Jet:
According to sources, ED officials in Hyderabad got to know that an eight-seater business jet purportedly belonging to Kumar’s company had touched down at the Shamshabad International Airport on Friday. The ED claims that this “N935H Hawker 800A” jet was purchased for roughly $1.6 million in 2024 with money obtained from the purported Ponzi scheme.

After informing the Customs Department about the jet’s movement, the ED discovered that Kumar and another individual had used it to leave the country on January 22, ostensibly to Dubai.

Emerging wealth in India has resulted in a rise in private jets in the country. By 2024-end, the number of private jets in India stood at 168.

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