Bollywood actor Shreyas Talpade, known for his role in the Golmaal series, has been named in a massive financial fraud case involving a multi-state chit fund scam that allegedly duped hundreds of villagers across northern India. Police from Jammu & Kashmir, Uttar Pradesh, and Haryana have booked Talpade along with 14 others for their alleged role in promoting and backing a company that collected crores of rupees from unsuspecting investors on the pretext of doubling their money.
According to the police, the accused were involved with a company named The Loni Urban Multistate Credit and Thrift Cooperative Society Limited. It had been operating for over a decade and had deep roots in areas like Mahoba (Uttar Pradesh), Sonipat (Haryana), and Srinagar (J&K). The company’s agents promised villagers that their investments would multiply in a short period under various schemes, including FDs, RDs, and Sukanya accounts.
Authorities claim that actors Shreyas Talpade and Alok Nath were brand ambassadors of the scheme and used their public image to gain the trust of villagers. This endorsement reportedly lured many investors, especially from rural areas, into depositing crores of rupees.
Complaints began piling up when investors stopped receiving returns around 2023. The company cited “system upgradation” as the reason for delays. Eventually, it shut down operations and its key operators—including co-founder Sameer Aggarwal and his wife—allegedly went into hiding, cutting off all communication. Victims allege that all attempts to retrieve their savings failed, prompting FIRs at multiple police stations.
According to one FIR filed in Lucknow’s Gomti Nagar Police Station, over Rs 9 crore was collected from investors before the company vanished. Similar cases have been registered in Sonipat and Srinagar as well. The Srinagar police are now investigating the full extent of the scam.
Additional Commissioner of Police Ajeet Singh stated, “It has been alleged that actors like Talpade were used as brand faces, and people trusted the scheme based on their endorsements. Their exact role is now under detailed investigation.”
So far, over 30 villagers have come forward naming several accused and describing the years of deception. Police are now working on identifying the total number of victims and the exact amount lost in the fraud, which could run into tens of crores.
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