ED Auctions Rs 14-Crore Business Jet Seized in Rs 792-Crore Investment Fraud Case

Dec 03, 2025 12:16 am CST

The Enforcement Directorate is auctioning a Hawker 800A business jet worth Rs 14 crore, seized from Falcon Group CMD Amardeep Kumar who allegedly defrauded investors of Rs 792 crore through a fake invoice-discounting scheme. The aircraft, purchased in 2024 for USD 1.6 million and used by Kumar to flee India, will be auctioned on December 9 with proceeds intended for victim restitution.