Excelsior Correspondent
JAMMU, Aug 10: The Crime Branch (CB) has registered a case against a Managing Director, two Directors, and several other key executives of a Hyderabad-based firm for their alleged involvement in a multi-crore fraud case.
Follow the Daily Excelsior channel on WhatsApp
A Crime Branch official said the action against the Capital Protection Force Pvt. Ltd. management followed complaints from a retired Major General from Rajasthan and a resident of Jammu, who claimed they were duped of large sums through false promises of high returns.
According to him, the complainants alleged that the accused, led by MD Amardeep Kumar—currently residing in Dubai—ran a Ponzi-style scheme targeting thousands of investors.
He said the retired Army officer was cheated of over Rs 2.21 crores, while a Jammu resident reportedly lost over Rs 62 lakh.
“Both stated that the company promised maturity amounts but failed to return any money, eventually shutting operations,” he said.
The Crime Branch official said the accused allegedly fabricated vendor profiles, faked partnerships with reputed multinational firms, and used forged invoices and vendor codes to lure investors through social media promotions.
Senior Superintendent of Police, Crime Jammu, Benam Tosh, confirmed that FIR number 46/2025 has been registered at the Economic Offences Wing under relevant sections of the Bharatiya Nyaya Sanhita after a preliminary inquiry established a prima facie case of cheating, criminal breach of trust, and conspiracy.
Follow our WhatsApp channel
