CID arrested Sheik Mohideen, an executive at Worldline E-payment Gateway, over a major fraud.
The Falcon Invoice Discounting scam defrauded 7,056 investors of ₹4,215 crore.
Over 4,000 victims lost approximately ₹792 crores through the fraudulent platform.
Investigators found the payment company earned ₹7.53 crore from the illicit transactions.