Shreyas Talpade, the Bollywood actor identified for his roles in movies like Iqbal and Apna Sapna Cash Cash, has discovered himself embroiled in a significant fraud case in Uttar Pradesh’s Mahoba district, India.
Together with 14 others, Talpade has been accused of being concerned in a rip-off that defrauded villagers of crores of rupees via a fraudulent chit fund scheme.
The accused are believed to have connections with The Loni City Multistate Credit score and Thrift Cooperative Society Restricted, an organization that lured rural buyers by promising them fast and excessive returns on their investments.
Brokers of the corporate assured the villagers that their cash would double in a brief interval, prompting many to take a position giant sums.
Nevertheless, after accumulating crores of rupees, the corporate abruptly shut down, and its representatives vanished with out a hint.
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The rip-off had been operating in Mahoba for nearly ten years earlier than authorities took discover. A case has been filed on the Srinagar police station, and investigations at the moment are underway to find out the complete scale of the fraud.
This case provides to the authorized troubles confronted by Shreyas Talpade. In February, an FIR was filed in opposition to him and veteran actor Alok Nath in Lucknow, the place the 2 actors have been accused of defrauding buyers of greater than INR9 crore.
Moreover, Talpade, Nath, and others have been named in a multi-level advertising and marketing rip-off in Sonipat, Haryana.
The Loni City Multi-State Credit score and Thrift Cooperative Society has confronted related allegations in different areas, together with Uttarakhand, the place it operated 35 unauthorised branches and swindled buyers of roughly INR92 crore.
The Police have already arrested 5 folks in reference to the scheme.