Yogendra Singh, the CEO of Falcon Invoice Discounting Application, was arrested by the Telangana CID in connection with a massive Rs 4,215 crore digital investment scam. Singh, aged 38 and hailing from Machabollaram, Secunderabad, had been evading arrest since February 2025 after multiple complaints were filed against the fraudulent scheme run by Falcon and its parent company, Capital Protection Force Pvt. Ltd.
The scam, which is being referred to as one of the largest digital investment frauds in recent years, involved creating a fake investment platform—Falcon Invoice Discounting—that claimed to offer high returns tied to invoice discounting with reputed multinational companies. However, investigations revealed that these deals were fabricated to attract unsuspecting investors.
Singh and his associates defrauded over 7,000 investors, collecting nearly Rs. 4,215 crore in investments. Preliminary investigations show that around 4,065 investors lost close to Rs. 792 crore. The fraudulent scheme was heavily promoted across platforms like YouTube, Instagram, Google Ads, and through telecalling networks.
Initially serving as a Business Development Manager, Singh played a pivotal role in the marketing and digital operations of the scam. He worked closely with Amardeep Kumar, the company’s managing director, and his brother Sandeep Kumar, as well as other accomplices.
Before his arrest, Singh had fled to Dubai, where he was appointed CEO of Virgio Real Estate, a company set up by Amardeep Kumar. He returned to Hyderabad recently, where he was arrested after the CID received credible intelligence.
A case has been filed against Singh under Section 316(2), 318(4), 61(2) of the Bharatiya Nyaya Sanhita (BNS) and Section 5 of the Telangana State Protection of Depositors of Financial Establishments (TSPDEF) Act, 1999.
The investigation is ongoing under the leadership of DSP N. Ashok Kumar, with oversight from SP Venkata Laxmi and the direction of CID Director General Shikha Goel. Efforts are underway to locate and arrest the remaining absconding accused involved in the scam.
