Alok Nath, Shreyas Talpade among 24 booked in fraud case linked to Cooperative Society Scheme

Alok Nath and Shreyas Talpade, along with 22 others, have been booked in a fraud case related to alleged financial irregularities in the Loni Urban Multi-State Credit and Thrift Cooperative Society. The case, filed at a city police station, stems from allegations of cheating investors under the guise of a cooperative investment scheme.

According to reports, both actors served as brand ambassadors for the society, which is now accused of duping investors through misleading promises of lucrative returns. The complaint, filed by Babli, a resident of Baghpat, accused the society’s officials and promoters of “cheating the public through financial schemes” under the pretext of safe savings plans such as fixed and recurring deposits.

This new FIR adds to the growing list of legal troubles surrounding the two actors. Earlier in September, the Supreme Court had granted protection from arrest to both Alok Nath and Shreyas Talpade in connection with a similar fraud case involving the Human Welfare Credit Cooperative Society Ltd in Haryana.

A bench comprising Justices BV Nagarathna and R Mahadevan issued notices to Haryana Police and other respondents while directing, “In the meanwhile, no coercive steps to be taken against the petitioner by the respondents till the next date of hearing.”

In that case, 13 people, including Alok Nath and Shreyas Talpade, were booked on a complaint by Vipul Antil, a 37-year-old resident of Sonipat, who alleged that the two actors promoted the cooperative society as its public faces, thereby lending it legitimacy and convincing people to invest.