Hyderabad, July 7 -- The Telangana Crime Investigation Department (CID) has arrested the Chief Operating Officer (COO) of Falcon Group, Aaryan Singh, in Rs 4,215 crore scam.

Aaryan Singh alias Aaryan Singh Chhabra was apprehended by the Telangana CID in Bathinda, Punjab, on July 4 and produced before the local court for transit remand.

He was brought to Hyderabad on Sunday and produced before a magistrate for judicial remand, said Additional Director General of CID, Charu Sinha.

This is a case of collection of unauthorised deposits, criminal breach of trust, cheating and criminal conspiracy, wherein the accused cheated the depositors, by developing Falcon Invoice Discounting Application, and created fake deals in the name of reputed MN...