Hyderabad, June 19 -- The Crime Investigation Department (CID), Telangana, has arrested a senior executive of Worldline E-Payment Gateway in connection with the multi-crore Falcon Invoice Discounting fraud case involving alleged collection of unauthorised deposits, cheating, criminal breach of trust and criminal conspiracy, police said on Friday.
In a release, the CID officials said, Sheik Mohideen (46), Executive Vice President of Worldline E-Payment Gateway, Mumbai, was arrested for his alleged role in facilitating transactions linked to the fraudulent investment scheme.
The case relates to the operation of the Falcon Invoice Discounting application and website, through which the accused allegedly created fake investment opportunities i...