Telangana CID arrested former Falcon Group COO Vikas Kumar Sakhare in a probe into a large online invoice‑discounting scheme that allegedly collected roughly ₹4,215 crore from over 7,000 depositors. Authorities say one Falcon subsidiary cheated about 4,065 investors of approximately ₹792 crore and have seized devices and opened multiple cases.

Investigators in Telangana arrested Vikas Kumar Sakhare, the former chief operating officer of Falcon Group, on Feb. 26, 2026, in connection with a sprawling invoice‑discounting investment fraud run through a “Falcon Invoice Discounting” mobile application. Police and CID records allege the operation solicited deposits from more than 7,000 investors, raising an estimated ₹4,215 crore; one subsidiary is accused of defrauding roughly 4,065 investors of about ₹792 crore alone. Authorities say the app promised returns on discounted invoices but diverted funds, leaving many investors unable to recover principal. The CID executed searches, seized electronic devices, financial records and servers, and registered multiple criminal cases as the probe widened to identify facilitators, payment routes and beneficiary accounts. Officials indicated coordinated efforts to trace bank transfers and third‑party payment channels, and warned of additional arrests as investigators pursue documentary evidence and statements from company insiders and victims. The case highlights continued vulnerabilities in digital investment platforms and the regulatory challenges in policing high‑value fintech frauds in India.