Actor Shreyas Talpade has been granted interim safety from arrest by the Supreme Court in reference to a multi-crore chit fund scam spanning a number of states. The court docket’s order comes amid ongoing investigations into allegations that Talpade and others defrauded lots of of villagers by way of a fraudulent funding scheme.
Shreyas Talpade gets interim relief from arrest in multi-state chit fund scam case
In an interim ruling handed on Monday, a bench led by Justices BV Nagarathna and KV Viswanathan issued notices to the Union authorities and the states of Haryana, Uttar Pradesh, and Uttarakhand. The court docket additionally scheduled the subsequent listening to for August 29, when it can contemplate Talpade’s plea to consolidate the a number of FIRs filed in opposition to him and switch the investigation to Lucknow.
Until then, the bench has directed that no coercive motion be taken in opposition to the actor.
The controversy traces again to March this yr, when Jammu and Kashmir Police registered a fraud case in opposition to Talpade and 14 others. They had been accused of working an organization named The Loni Urban Multistate Credit and Thrift Cooperative Society Limited, which allegedly promised villagers unusually excessive returns on their investments. Agents working for the corporate are stated to have satisfied native residents that their cash would double inside a brief interval.
The scheme reportedly amassed crores of rupees from unsuspecting buyers earlier than the corporate abruptly ceased operations, leaving many in monetary misery.
According to studies, the scam had been lively for almost a decade in Mahoba, Uttar Pradesh, earlier than coming below authorized scrutiny. In February 2024, an FIR was filed in opposition to Shreyas Talpade and veteran actor Alok Nath at Gomti Nagar Police Station in Lucknow. The grievance accused them and 5 different members of the cooperative society of defrauding buyers of greater than Rs 9 crore.
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