The Central Bureau of Investigation (CBI) has submitted a chargesheet in a Special Court in Dehradun against 18 individuals involved in the Rs 400 crore Loni Urban Multi State Credit and Thrift Co-operative Society (LUCC) chit fund scam. Among those named in the chargesheet are Sameer Agrawal, Shadab Husain, and several others, including LUCC itself. The accused face charges under various sections of the IPC, BNS, and Uttarakhand Protection of Interests of Depositors Act.
Investigations revealed that over 1 lakh depositors were enticed to invest in LUCC’s unregulated deposit schemes, amounting to approximately Rs 800 crore. While some depositors received partial repayments, the fraudulent amount exceeds Rs 400 crore. Sameer Agrawal, the alleged mastermind residing in Mumbai, orchestrated the schemes and managed LUCC’s operations, collecting funds from Uttarakhand depositors.
Agrawal, along with his wife Saniya Agrawal, who are currently abroad, are accused of diverting funds through shell firms in collusion with others. The CBI has taken action against seven arrested individuals, including Tarun Kumar Maurya and Gaurav Rohila, who are in judicial custody. The agency has also issued provisional attachment orders for 29 properties owned by the accused.
