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Fraud case registered against Shreyas Talpade and Alok Nath; Chit fund scam in Mahoba creates a stir
Mahoba, September 18, 2025: A case of fraud has been registered against Bollywood actor Shreyas Talpade and veteran actor Alok Nath and 15 others in connection with a chit fund scam worth crores of rupees in Uttar Pradesh's Mahoba district. The case has created a stir at the local level, and a complaint has been made directly to Prime Minister Narendra Modi. Many villagers have lost crores of rupees due to this scam, and it is being claimed that the main mastermind behind this is from Mumbai.
Background of the scam
A company named 'Loni Urban Multistate Credit and Thrift Co-operative Society Limited' is involved in this case. This company had promised the villagers double returns on their investments in a short period. The company's agents persuaded many to invest in fraudulent schemes. These schemes included Fixed Deposit (FD), Recurring Deposit (RD) and Sukanya Samriddhi Scheme. However, when investors asked for their money back after the stipulated period, the company gave unsatisfactory answers and eventually closed the company and all the concerned persons disappeared.
The scam started about ten years ago. The company’s office was opened at the house of Lalit Vishwakarma under Srinagar police station limits in Mahoba district. Lalit Vishwakarma was the manager of this branch. The company collected crores of rupees by luring locals with attractive returns. However, when investors asked for their money back, the company shied away and eventually closed the office and fled.
Case registered and accused
A case has been registered in this case at the Srinagar police station. In this, Shreyas Talpade, Alok Nath, Sameer Agarwal, his wife Sania, R.K. Shetty, Sanjay Mudgil, Lalit Vishwakarma, Dalchandra Kushwaha, Sunil Vishwakarma, Sachin Rakwar, Kamal Rakwar, Sunil Kumar, Mahesh Rakwar, Mohan Kushwaha, Jitendra Namdev and Narayan Singh Rajput are included in the case. All of them are accused of cheating, breach of trust and cheating by transfer of property.
In this case, 30 victims have filed complaints with the police, including Narayan Das, Lakhan, Prakash, Kishore, Devendra, Ramesh Agarwal, Brijgopal, Kapoori Devi and many others. They said that the company cheated them for the last ten years and embezzled crores of rupees from them.
Named in similar cases before
This is not the first time that the names of Shreyas Talpade and Alok Nath have come up in such a fraud case. Earlier in February 2025, a case of cheating of Rs 9 crore was registered against them at Lucknow's Gomti Nagar police station. He was also booked in a multi-level marketing (MLM) fraud case in Sonipat, Haryana. In this case, he promoted the schemes of a company called 'Human Welfare Credit Co-operative Society Limited' as a brand ambassador, due to which many investors invested money by trusting in these schemes.
According to the complaint in Sonipat, this company was operating in many states since September 16, 2016 and attracted investors through schemes like fixed deposits and recurring deposits. Complainant Vipul Antil claimed that the promotion of the company by Shreyas Talpade and Alok Nath as brand ambassadors increased the trust of investors and they invested in large amounts.
Shreyas Talpade's disclosure
After these allegations, Shreyas Talpade's team has issued an official statement and denied all the allegations. They said that Shreyas Talpade has no business or financial connection with this company. “Shreyas Talpade is a public figure and is invited to many corporate and public events. He may have attended some events, but he has no connection with this company,” his team clarified. They also appealed to the public to refrain from spreading false information and said that Shreyas Talpade is a law-abiding citizen.
Legal action and Supreme Court intervention
The Supreme Court has also intervened in the matter. In July 2025, the Supreme Court granted protection from arrest to Shreyas Talpade and issued notices to the governments of Haryana, Uttar Pradesh and Uttarakhand. Also, in September 2025, the Supreme Court also granted temporary protection from arrest to Alok Nath. The court said that no coercive action will be taken against the two till the next hearing.
Investigations speed up
The police have started investigating the case after a complaint was filed at the Srinagar police station in Mahoba. A thorough investigation is being conducted to ascertain the extent of the scam and the role of the people involved in it. Also, Additional Commissioner of Police, Sonipat, Ajit Singh said, “We are investigating the exact role of Shreyas Talpade and Alok Nath in this case. The complainant has accused them of campaigning as brand ambassadors, but the extent of their involvement will be clear only after the investigation.”
Complaint to Prime Minister
The complaint about this scam has reached Prime Minister Narendra Modi directly, which has given more seriousness to the matter. Local investors have lost their lives due to this scam.
Mahoba, September 18, 2025: A case of fraud has been registered against Bollywood actor Shreyas Talpade and veteran actor Alok Nath and 15 others in connection with a chit fund scam worth crores of rupees in Uttar Pradesh's Mahoba district. The case has created a stir at the local level, and a complaint has been made directly to Prime Minister Narendra Modi. Many villagers have lost crores of rupees due to this scam, and it is being claimed that the main mastermind behind this is from Mumbai.
Background of the scam
A company named 'Loni Urban Multistate Credit and Thrift Co-operative Society Limited' is involved in this case. This company had promised the villagers double returns on their investments in a short period. The company's agents persuaded many to invest in fraudulent schemes. These schemes included Fixed Deposit (FD), Recurring Deposit (RD) and Sukanya Samriddhi Scheme. However, when investors asked for their money back after the stipulated period, the company gave unsatisfactory answers and eventually closed the company and all the concerned persons disappeared.
The scam started about ten years ago. The company’s office was opened at the house of Lalit Vishwakarma under Srinagar police station limits in Mahoba district. Lalit Vishwakarma was the manager of this branch. The company collected crores of rupees by luring locals with attractive returns. However, when investors asked for their money back, the company shied away and eventually closed the office and fled.
Case registered and accused
A case has been registered in this case at the Srinagar police station. In this, Shreyas Talpade, Alok Nath, Sameer Agarwal, his wife Sania, R.K. Shetty, Sanjay Mudgil, Lalit Vishwakarma, Dalchandra Kushwaha, Sunil Vishwakarma, Sachin Rakwar, Kamal Rakwar, Sunil Kumar, Mahesh Rakwar, Mohan Kushwaha, Jitendra Namdev and Narayan Singh Rajput are included in the case. All of them are accused of cheating, breach of trust and cheating by transfer of property.
In this case, 30 victims have filed complaints with the police, including Narayan Das, Lakhan, Prakash, Kishore, Devendra, Ramesh Agarwal, Brijgopal, Kapoori Devi and many others. They said that the company cheated them for the last ten years and embezzled crores of rupees from them.
Named in similar cases before
This is not the first time that the names of Shreyas Talpade and Alok Nath have come up in such a fraud case. Earlier in February 2025, a case of cheating of Rs 9 crore was registered against them at Lucknow's Gomti Nagar police station. He was also booked in a multi-level marketing (MLM) fraud case in Sonipat, Haryana. In this case, he promoted the schemes of a company called 'Human Welfare Credit Co-operative Society Limited' as a brand ambassador, due to which many investors invested money by trusting in these schemes.
According to the complaint in Sonipat, this company was operating in many states since September 16, 2016 and attracted investors through schemes like fixed deposits and recurring deposits. Complainant Vipul Antil claimed that the promotion of the company by Shreyas Talpade and Alok Nath as brand ambassadors increased the trust of investors and they invested in large amounts.
Shreyas Talpade's disclosure
After these allegations, Shreyas Talpade's team has issued an official statement and denied all the allegations. They said that Shreyas Talpade has no business or financial connection with this company. “Shreyas Talpade is a public figure and is invited to many corporate and public events. He may have attended some events, but he has no connection with this company,” his team clarified. They also appealed to the public to refrain from spreading false information and said that Shreyas Talpade is a law-abiding citizen.
Legal action and Supreme Court intervention
The Supreme Court has also intervened in the matter. In July 2025, the Supreme Court granted protection from arrest to Shreyas Talpade and issued notices to the governments of Haryana, Uttar Pradesh and Uttarakhand. Also, in September 2025, the Supreme Court also granted temporary protection from arrest to Alok Nath. The court said that no coercive action will be taken against the two till the next hearing.
Investigations speed up
The police have started investigating the case after a complaint was filed at the Srinagar police station in Mahoba. A thorough investigation is being conducted to ascertain the extent of the scam and the role of the people involved in it. Also, Additional Commissioner of Police, Sonipat, Ajit Singh said, “We are investigating the exact role of Shreyas Talpade and Alok Nath in this case. The complainant has accused them of campaigning as brand ambassadors, but the extent of their involvement will be clear only after the investigation.”
Complaint to Prime Minister
The complaint about this scam has reached Prime Minister Narendra Modi directly, which has given more seriousness to the matter. Local investors have lost their lives due to this scam.
Background of the scam
A company named 'Loni Urban Multistate Credit and Thrift Co-operative Society Limited' is involved in this case. This company had promised the villagers double returns on their investments in a short period. The company's agents persuaded many to invest in fraudulent schemes. These schemes included Fixed Deposit (FD), Recurring Deposit (RD) and Sukanya Samriddhi Scheme. However, when investors asked for their money back after the stipulated period, the company gave unsatisfactory answers and eventually closed the company and all the concerned persons disappeared.
The scam started about ten years ago. The company’s office was opened at the house of Lalit Vishwakarma under Srinagar police station limits in Mahoba district. Lalit Vishwakarma was the manager of this branch. The company collected crores of rupees by luring locals with attractive returns. However, when investors asked for their money back, the company shied away and eventually closed the office and fled.
Case registered and accused
A case has been registered in this case at the Srinagar police station. In this, Shreyas Talpade, Alok Nath, Sameer Agarwal, his wife Sania, R.K. Shetty, Sanjay Mudgil, Lalit Vishwakarma, Dalchandra Kushwaha, Sunil Vishwakarma, Sachin Rakwar, Kamal Rakwar, Sunil Kumar, Mahesh Rakwar, Mohan Kushwaha, Jitendra Namdev and Narayan Singh Rajput are included in the case. All of them are accused of cheating, breach of trust and cheating by transfer of property.
In this case, 30 victims have filed complaints with the police, including Narayan Das, Lakhan, Prakash, Kishore, Devendra, Ramesh Agarwal, Brijgopal, Kapoori Devi and many others. They said that the company cheated them for the last ten years and embezzled crores of rupees from them.
Named in similar cases before
This is not the first time that the names of Shreyas Talpade and Alok Nath have come up in such a fraud case. Earlier in February 2025, a case of cheating of Rs 9 crore was registered against them at Lucknow's Gomti Nagar police station. He was also booked in a multi-level marketing (MLM) fraud case in Sonipat, Haryana. In this case, he promoted the schemes of a company called 'Human Welfare Credit Co-operative Society Limited' as a brand ambassador, due to which many investors invested money by trusting in these schemes.
According to the complaint in Sonipat, this company was operating in many states since September 16, 2016 and attracted investors through schemes like fixed deposits and recurring deposits. Complainant Vipul Antil claimed that the promotion of the company by Shreyas Talpade and Alok Nath as brand ambassadors increased the trust of investors and they invested in large amounts.
Shreyas Talpade's disclosure
After these allegations, Shreyas Talpade's team has issued an official statement and denied all the allegations. They said that Shreyas Talpade has no business or financial connection with this company. “Shreyas Talpade is a public figure and is invited to many corporate and public events. He may have attended some events, but he has no connection with this company,” his team clarified. They also appealed to the public to refrain from spreading false information and said that Shreyas Talpade is a law-abiding citizen.
Legal action and Supreme Court intervention
The Supreme Court has also intervened in the matter. In July 2025, the Supreme Court granted protection from arrest to Shreyas Talpade and issued notices to the governments of Haryana, Uttar Pradesh and Uttarakhand. Also, in September 2025, the Supreme Court also granted temporary protection from arrest to Alok Nath. The court said that no coercive action will be taken against the two till the next hearing.
Investigations speed up
The police have started investigating the case after a complaint was filed at the Srinagar police station in Mahoba. A thorough investigation is being conducted to ascertain the extent of the scam and the role of the people involved in it. Also, Additional Commissioner of Police, Sonipat, Ajit Singh said, “We are investigating the exact role of Shreyas Talpade and Alok Nath in this case. The complainant has accused them of campaigning as brand ambassadors, but the extent of their involvement will be clear only after the investigation.”
Complaint to Prime Minister
The complaint about this scam has reached Prime Minister Narendra Modi directly, which has given more seriousness to the matter. Local investors have lost their lives due to this scam.
