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Shreyas Talpade Denies Allegations in Multi-Crore Rural Investment Scam

The Bollywood actor is accused alongside 14 others of involvement in fraudulent cooperative society schemes targeting rural investors, but his team calls the claims baseless.

Actors and brand ambassadors Alok Nath (right) and Shreyas Talpade were among 13 people booked in a case of cheating, breach of trust and transfer of property through deception against a credit cooperative society at Murthal in Sonipat district on January 22.
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Overview

  • Shreyas Talpade and 14 others are accused of defrauding villagers in Uttar Pradesh and Jammu and Kashmir through schemes promising high returns on investments.
  • The alleged scam, operated by 'The Loni Urban Multistate Credit and Thrift Cooperative Society Limited,' collected crores over a decade before shutting operations in 2023.
  • Victims report that the company initially paid returns but ceased payments in 2023, citing 'system upgradation,' before its representatives disappeared.
  • FIRs have been filed in multiple states, including Uttar Pradesh and Haryana, with investigations underway to determine the extent of the fraud and the roles of those involved.
  • Talpade's team has issued a statement denying all allegations, asserting that he has no connection to any fraudulent activities and urging the public to verify facts.