<h1>ED Seizes Jet in Rs 850 Crore Falcon Group Ponzi Scheme Probe Under Prevention of Money Laundering Act</h1> The Enforcement Directorate (ED) seized a business jet at Hyderabad airport as part of a money laundering investigation involving a Hyderabad-based company, Falcon Group, and its promoters. The case originated from a Cyberabad police FIR, alleging the company defrauded investors in a Rs 850 crore Ponzi scheme. The Falcon Group reportedly collected Rs 1,700 crore from investors through a fraudulent investment scheme, repaying only Rs 850 crore. The company's CMD allegedly fled using the seized jet, which was bought with proceeds from the scheme. The ED conducted a search under the Prevention of Money Laundering Act and recorded statements from the crew and associates.