Investigators have uncovered a complex Rs 850 crore financial fraud involving nearly 15 shell companies linked to Falcon Invoice Discounting. Funds were siphoned off into sister firms, redirected ...

lured depositors by promising high returns on short-term deposits under the guise of invoice discounting," Prasad said. "The funds collected were diverted into various shell companies. By Jan 15 ...

The Falcon Invoice Discounting (FID) scam, an alleged Rs 850 crore financial fraud, continues to unravel a sophisticated web of deceit. Investigators have uncovered a network of nearly 15 shell ...