FIR registered against Alok Nath and Shreyas Talpade for allegedly duping over Rs 9 crore

An FIR has been registered against Bollywood actors Alok Nath, Shreyas Talpade and five members of a Credit Cooperative Society, at Uttar Pradesh's Gomti Nagar Police Station in Lucknow. The FIR states that the 7 accused have allegedly duped 45 investors of Rs 9.12 Crores. For those who don't know, both the Bollywood actors and 11 others were also booked in Haryana's Sonipat in the same multi-level marketing scam case. The case is related to a cooperative society, which suddenly disappeared after collecting crores of rupees from lakhs of people. This society was collecting money from people for the last six years, but when people demanded their money back, its



directors absconded. According to media reports, both these actors had promoted the investment schemes of this society, while another actor Sonu Sood had also attended one of its programs as the chief guest.

According to the FIR, this organization named 'Human Welfare Credit Cooperative Society' started its business in many states including Haryana and Lucknow on September 16, 2016. This society was registered in Indore, Madhya Pradesh and was working under the Multi-State Cooperative Society Act. The society offered investors to invest in fixed deposit (FD) and recurring deposit (RD) schemes and lured them with attractive interest rates.