In a significant development in the Falcon Invoice Discounting investment scam, the Crime Investigation Department (CID) has arrested two more suspects—Rabindra Prasad Singh and Susma Raj. The duo was apprehended in Bihar and brought to Hyderabad by CID officials.
Rabindra Singh is the father of the prime accused, Amardeep and Sandeep, while Susma Raj is Sandeep’s wife. According to CID, both were actively involved in the fraudulent scheme and received money from the crime.
“After the case was re-registered, both suspects absconded to their hometown in Bihar,” officials stated.
The scam involved the creation of a fake investment platform—Falcon Invoice Discounting —which promised high returns through fake deals in the names of reputed multinational corporations. The accused allegedly collected over Rs4,215 crore from 7,056 depositors, ultimately failing to return Rs792 crore.
Recently, Yogendra Singh, the CEO of Capital Protection Force—the firm behind Falcon—was also arrested. Investigations revealed that Rabindra Singh originally founded the company as a manpower security agency, which was later overtaken by his sons. CID officials also allege that Susma Raj played a crucial role in laundering the illicit funds.
The investigation continues as authorities aim to recover the embezzled amount and bring all culprits to justice.
