Shreyas Talpade Investigated in Multi-Crore Chit Fund Scam in Uttar Pradesh

The Bollywood actor and 14 others are accused of defrauding villagers over a decade through fraudulent investment schemes.

A new case has been filed in Mahoba, Uttar Pradesh, accusing Shreyas Talpade and 14 others of operating a chit fund scam targeting rural villagers.
The accused allegedly ran 'The Loni Urban Multistate Credit and Thrift Cooperative Society Limited,' promising high returns on fixed deposits, recurring deposits, and other schemes.
Victims claim the company initially paid returns but ceased payments in 2023, citing 'system upgradation,' before shutting down and becoming untraceable.
Authorities are investigating Talpade's role as a brand ambassador and whether his involvement influenced villagers to invest in the fraudulent schemes.
This case follows earlier fraud allegations against Talpade in Lucknow and Sonipat, where he was linked to scams involving multi-level marketing and a ₹9 crore fraud.