New Delhi, Jan. 6 -- Amandeep Kumar, the managing director of Falcon Invoice Discounting, was apprehended by Telangana's Crime Investigation Department (CID) at Mumbai airport, in connection with a fake investment app case.

Kumar was arrested on Monday, 5 January, while returning from Iran after a look-out circular was issued against him. He was later brought to Hyderabad on transit remand.

According to an official press note shared by ANI, the accused, along with his associates, operated a fraudulent website and mobile app to lure investors into making unauthorised deposits. In return, they promised high returns, which resulted in significant financial losses for several people.

So far, 11 accused, including directors, executives, and...