The Enforcement Directorate (ED) on Friday seized a Hawker 800A jet (N935H) at Hyderabad’s Rajiv Gandhi International Airport (RGIA). Officials said the jet was allegedly owned by Amardeep Kumar, the prime accused in an alleged Rs 850 crore ‘Falcon scam’.
According to officials privy to the ED’s action, Kumar and an accomplice used the aircraft to flee to Dubai on January 22. Investigators confirmed Kumar as the beneficial owner of the jet, which was purchased in 2024 for USD 1.6 million (Rs 14 crore) via Prestige Jets Inc.
The #EnforcementDirectorate seized a Hawker 800A jet (N935H) at Rajiv Gandhi International Airport allegedly owned by Amardeep Kumar, the prime accused in the ₹850 crore #FalconScam.
The aircraft was reportedly used by Kumar to flee to Dubai on January 22, along with an… pic.twitter.com/RwEC10hCNC
— All India Radio News (@airnewsalerts) March 8, 2025
The ED claims that proceeds from the Falcon Group’s Ponzi scheme were diverted to purchase the jet. Upon landing in Shamshabad, officials said, the jet was seized, crew members were questioned, and the ED team recorded a close associate’s statement.
The Falcon group allegedly collected Rs 1,700 crore from investors, promising high returns through a fraudulent invoice discounting investment scheme. Out of the total funds collected, Rs 850 crore was repaid, but 6,979 investors were left unpaid.