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ED Hyderabad Zonal Office auctions seized aircraft in Rs 792 crore scam

Indian Community Editorial TeamBy Indian Community Editorial TeamJuly 3, 20261 Min ReadNo Comments Add us to Google Preferred Sources
ED Hyderabad Zonal Office auctions seized aircraft in Rs 792 crore scam
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The Enforcement Directorate’s Hyderabad Zonal Office recently auctioned a Hawker 800A aircraft seized in connection with a Rs 792 crore invoice discounting scam involving Amardeep Kumar and his company, Capital Protection Force Pvt Ltd (Falcon Group). The auction, conducted through MSTC Limited on July 1, resulted in a sale consideration of Rs 3 crore.

Following a search operation at Rajiv Gandhi International Airport in Hyderabad on March 7, 2025, the aircraft was seized by the ED’s Hyderabad Zonal Office in a PMLA case against Amardeep Kumar, Capital Protection Force Pvt. Ltd., and others. The proceeds from the sale, amounting to Rs 3 crore, will be used by the ED to compensate genuine investors as per the PMLA, 2002, pending approval from the special court.

Subsequent to the aircraft’s seizure, the ED filed an application before the Adjudicating Authority, PMLA, which was approved on August 18, 2025. The agency then sought permission to sell the aircraft under the Prevention of Money Laundering Rules, 2013, and was granted authorization by the Adjudicating Authority on November 20, 2025, to proceed with the auction.

2002 Adjudicating Authority Amardeep Kumar Aryan Singh Chhabra Capital Protection Force Pvt Ltd Cyberabad Economic Offences Wing Enforcement Directorate Falcon Group Hyderabad Zonal Office MSTC Limited PMLA Ponzi scheme Prevention of Money Laundering Act Rajiv Gandhi International Airport Sandeep Kumar Sharad Chandra Toshniwal
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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