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Money Laundering Probe Leads to Sale of Hijacked Jet, Investor Money to Be Repaid

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News Analysis IndiaReporter
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July 3, 2026
11:42 AM
Money Laundering Probe Leads to Sale of Hijacked Jet, Investor Money to Be Repaid

The aircraft was part of a larger investigation into a bogus invoice‑discounting scheme run by Capital Protection Force Private Ltd. and its chairman, Amardeep Kumar. Authorities allege the scheme defrauded investors of about 792 crore rupees. After obtaining approval from the PMLA adjudicating authority in August 2025, the ED secured a court order in November 2025 to auction the plane, paving the way for repayment to victims.

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