Mon Feb 17 02:20:00 UTC 2025: ## Two Arrested in ₹850 Crore Ponzi Scheme Linked to Falcon Invoice Discounting Platform

**Hyderabad, February 17, 2025** – The Economic Offences Wing (EOW) of Cyberabad Police arrested two individuals on February 15th in connection with an ₹850 crore Ponzi scheme operated by the Falcon Invoice Discounting Platform. Pavan Kumar Odela, Vice President of Capital Protection Force Pvt. Ltd. and Business Head of Falcon, and Kavya Nalluri, Director of Capital Protection Force Pvt Ltd and Falcon Capital Ventures Pvt Ltd, were taken into custody.

The scheme, operating since 2021, allegedly defrauded 6,979 investors by promising high returns (11-22% annually) on short-term deposits through a mobile app and website. The platform falsely claimed partnerships with major companies like Britannia, Amazon, and Godrej. While ₹1,700 crore was collected in total, only ₹850 crore was repaid before the scheme collapsed on January 15th, 2025.

Police investigations revealed the scheme’s Ponzi structure, using new investments to pay earlier investors. Misappropriated funds were traced to various businesses, including a cryptocurrency platform, a Goa resort, a Dubai jet service, real estate ventures, and IT firms. The main accused, Amardeep Kumar (Managing Director of Falcon Capital Ventures Pvt Ltd), along with Aryan Singh and Yogender Singh, are still at large.

Odela and Nalluri have prior connections to fraudulent activities through Blulife International Company, facing charges from 2022 related to a multi-level marketing scheme. They are now charged under the Bharatiya Nyaya Sanhita (BNS) and the Telangana State Protection of Depositors of Financial Establishment Act, 1999. Authorities are working to recover the outstanding ₹850 crore and apprehend the remaining perpetrators.

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