Hyderabad, March 8 -- The Enforcement Directorate (ED) has seized an eight-seater business jet parked at the Hyderabad airport in connection with a money laundering investigation against Falcon Group and its promoters, who are accused of defrauding investors of Rs 850 crore in a large-scale Ponzi scheme, media reports said.

The money laundering case originates from an FIR registered by the Cyberabad police against Falcon Group (operating as Capital Protection Force Pvt. Ltd.), its chairman and managing director (CMD) Amar Deep Kumar, and several others, PTI reported, citing sources.

The aircraft, purchased in 2024 for approximately $1.6 million (around Rs 14 crore), landed at the Rajiv Gandhi International Airport in Shamshabad on Frida...