In a first, ED auctions for Rs 3 crore seized jet of Falcon under probe in ponzi case
In a significant move, the Enforcement Directorate has successfully auctioned a seized Hawker 800A aircraft for ₹3 crore, stemming from a ₹792 crore bogus invoice discounting scam. The funds will be used to compensate defrauded investors. This unprecedented action follows the ED's investigation into Hyderabad-based Falcon Group and its associates, who allegedly duped investors with false promises of high returns. Further probes are underway.
