According to CID, the Falcon platform allegedly lured investors with fake invoice discounting schemes linked to reputed multinational companies, promising high returns within short periods.

The fraud is suspected to have collected nearly Rs 4,215 crore from 7,056 investors across the country, with over 4,000 victims reportedly losing around Rs 792 crore.

CID officials said Mohideen allegedly facilitated the operation by providing payment gateway services to the accused. The investigation found that Worldline earned about Rs 7.53 crore in transaction-related revenues from the platform’s operations.

The suspect was produced before the court and remanded in judicial custody.