ED seizes private jet linked to Rs 850 crore 'Falcon scam' at Hyderabad Airport
Hawker 800A jet (N935H) at Hyderabad's Rajiv Gandhi International Airport (RGIA).
Officials said the jet was allegedly owned by Amardeep Kumar, the prime accused in an alleged Rs 850 crore 'Falcon scam. '
According to officials privy to the ED's action, Kumar and an accomplice used the aircraft to flee to Dubai on January 22.
Investigators confirmed Kumar as the beneficial owner of the jet, which was purchased in 2024 for USD 1.6 million (Rs 14 crore) via Prestige Jets Inc.
The ED claims that proceeds from the Falcon Group's Ponzi scheme were diverted to purchase the jet.
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