Overview

• Chief Minister Pushkar Singh Dhami approved the transfer of the Loni Urban Multi-State Credit & Thrift Cooperative Society case to the CBI on July 23.
• Uttarakhand police have registered eight cases across five districts and arrested at least a dozen people in the ongoing investigation.
• Authorities estimate ₹189 crore in unpaid maturities in the state and informal assessments suggest the total fraud may exceed ₹500 crore nationwide.
• Union Home Minister Amit Shah met with Uttarakhand MPs on July 24 and vowed the strongest possible action against the accused.
• Promoters of the LUCC cooperative remain at large as women agents and investors continue to hold protests demanding fund recovery.