Hyderabad, Feb. 26 -- The Crime Investigation Department (CID) of Telangana arrested , the former Chief Operating Officer (COO) of the Falcon Group, Vikas Kumar Sakhare on Wednesday.

He was produced before a Magistrate for judicial remand as the investigation continues.

Sakhare was apprehended at his residence in Hyderashakot, Hyderabad, for his alleged role in a massive investment scam involving over Rs 4,215 crore collected from over 7,000 unsuspecting depositors across the country.

However, a specific subsidiary called Capital Protection Force Private Limited is alleged to have cheated 4,065 victims out of Rs.792 crore.

Sakhare allegedly conspired with the Managing Director of the Falcon Group, Amardeep Kumar, and other associates ...