Hyderabad, Mar 8 (Reporter) The Enforcement Directorate (ED) has seized a private jet, worth about Rs 14 crore at Rajiv Gandhi International Airport (RGIA) in Shamshabad near here, owned by Amardeep Kumar, the prime accused in the Rs 850 crore Falcon Scam. The ED officials seized the 8-seater business jet 'N935H Hawker 800A’ at RGIA on Friday as part of a money laundering investigation against a Hyderabad-based company and its promoters who allegedly duped numerous investors of crores of rupees in a ‘Ponzi Scheme "scam", official sources said here on Saturday. The ED had registered a case after the scam was unearthed last month. ED sources said that Kumar purchased the jet in 2024 for $1.6 million (Rs 14 crore) via Prestige Jets Inc. The ED claims that proceeds from the Falcon Group’s Ponzi scheme were diverted to purchase the jet. After the scam broke out the prime suspect used the aircraft to flee to Dubai on January 22 along with an accomplice. After it returned to RGI Airport, the ED team seized the jet and the crew members were questioned, and a close associate’s statement was recorded. The Cyberabad police initially registered a case against the Falcon Group for allegedly collected Rs 1,700 crore from investors, promising high returns through a fraudulent invoice discounting investment scheme. Out of the total funds collected, ₹850 crore was repaid, but 6,979 investors were left unpaid. On February 15, the Cyberabad police arrested Pavan Kumar Odela (Vice President ) and Kavya Nalluri (Director of Falcon Capital Ventures) in connection with the scam but its Chairman & MD, Amardeep Kumar, and other senior officials are absconding...////...