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National News

The Times of India

National / The Times of India

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ED auctions for Rs 3 crore Hawker aircraft seized in ponzi case

In a significant move, the Enforcement Directorate has successfully auctioned a Hawker 800A aircraft for Rs 3 crore, a key asset seized in a massive Rs 792 crore ponzi scam. The funds will aid in compensating defrauded investors. The scam, orchestrated by Amardeep Kumar of Capital Protection Force through a bogus invoice discounting scheme, targeted numerous individuals with promises of high returns.

4 Jul 2026 4:23 am