Hyderabad, June 5 -- Telangana CID on Wednesday arrested two persons in connection with the Rs 792 crore scam in Hyderabad on Tuesday, June 3.

The prime accused was identified as Sandeep Kumar, the key accused and operations head of Capital Protection Force Pvt. Ltd.. Sandeep was arrested along with his accomplice, identified as Ravi Kumar.

Sandeep and Ravi's arrest comes after seven other persons involved in the Falcon scam were arrested in March.

Over 4,000 people duped

The accused collected Rs 4,215 crore from 7,056 depositors through an online platform called Falcon Invoice Discounting Application.

The accused created fake investment deals under the guise of reputed multinational companies, promising high interest rates on short-...