Chartered Accountant arrested by ED in Rs 792 Crore Falcon Invoice Discounting Scam

The Enforcement Directorate (ED) has arrested a Chartered Accountant, Sharad Chandra Toshniwal, in connection with the ₹792 crore Falcon Invoice Discounting scam. The scam, orchestrated by Capital Protection Force Pvt. Ltd., lured investors with promises of high returns through an invoice discounting scheme, but instead used the money to cheat them. The ED's investigation revealed that Toshniwal, who was the company's statutory auditor, was aware of the fraudulent activities. He allegedly helped the main accused, Amardeep Kumar, manage finances and invest the illicit funds into other companies. Toshniwal is also accused of arranging cash transactions to launder the money and acquiring shares in the companies in the names of relatives.