In a first of its kind, the Enforcement Directorate (ED) has auctioned an aircraft (Hawker 800A) through MSTC Limited for Rs 3 crore. ED’s Hyderabad zonal office had auctioned the aircraft on July 1. The aircraft was seized during a search operation conducted by the Hyderabad zonal office of ED on March 7, 2025.
According to ANI News, it was seized from Rajiv Gandhi International Airport in a case under the Prevention of Money Laundering Act (PMLA) against Capital Protection Force Private Limited, a Hyderabad-based company which is responsible for running a bogus invoice discounting scheme. This action was taken after the order of PMLA Adjudicating Authority dated November 20, 2025.
According to the agency, the sale proceeds of Rs 3 crore received from the buyer will be used EDto return the money to the genuine investors as per the rules of PMLA, 2002, subject to the permission of the Special Court under PMLA, 2002.
ED sold the seized plane
ED initiated PMLA case against Capital Protection Force Pvt Ltd, Amardeep Kumar and others on the basis of three FIRs registered by the Economic Offenses Wing of Cyberabad against Falcon Group (Capital Protection Force Pvt Ltd), its CMD Amardeep Kumar and some others.
It was alleged that Amardeep Kumar, Capital Protection Force Pvt Ltd and others defrauded a large number of investors to the tune of Rs 792 crore through a Ponzi scheme by promising that the investors would be refunded the excess amount received under an invoice discounting scheme, whereas no such genuine invoice discounting business was conducted.
Preparation to return investors’ money
Earlier, the ED had said that the three accused, Amardeep Kumar’s brother Sandeep Kumar; Chartered Accountant Sharad Chandra Toshniwal; And Aryan Singh Chhabra, CEO of Falcon Invoice Discounting, was also arrested by ED. ED had also filed a prosecution complaint in the jurisdictional court on September 29, 2025.
ED further said that it is committed to enforce the provisions of PMLA, 2002, which includes identifying, locating, attaching and confiscating the proceeds of crime, preventing criminals from taking advantage of the same, prosecuting the accused and returning the attached assets to the genuine victims and investors as per law.
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