The Crime Branch of the Jammu & Kashmir Police has filed a formal complaint against the managing director and two directors of Hyderabad-based Capital Protection Force Pvt Ltd, following allegations that the company orchestrated a high-value investment fraud via its Falcon Invoice Discounting app.
The complaint was lodged by several investors, including Major General Rajat Jagani, who alleges he lost INR 2.21 crore to the scheme. Another prominent investor reported a loss of INR 62 lakh, prompting swift action by the Crime Branch’s Economic Offences Wing.
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The Scam’s Modus Operandi
According to authorities, the Falcon app promised attractive, worry-free returns through non-existent invoice-discounting deals with reputed multinational clients. Investors were lured with polished marketing and bogus vendor profiles. However, promised returns never materialized, and the capital was never recovered .
This revelation has cast a long shadow over fintech platforms purporting to provide secure, high-yield investment opportunities. Victims ranged from high-ranking military officers to everyday citizens, raising concerns about due diligence and regulatory oversight.
Ongoing Investigation and Implications
The Crime Branch is now investigating Capital Protection Force Pvt Ltd, as well as several of its executives, for alleged financial fraud and criminal conspiracy. Legal proceedings have begun, though arrests have not yet been reported.
This case highlights the growing sophistication of app-based investment scams that exploit digital platforms and public trust. Experts warn that without tighter regulation and verification processes, consumers—especially retirees and professionals—remain vulnerable to high-stakes financial deceit.
The investigation now extends into digital footprints, fund flow analysis, and cross-border financial tracing as the authorities bring the perpetrators to justice.