Uttarakhand LUCC Chit Fund Scam: CBI Arrests Two Alleged Masterminds From Mumbai

Investigators stated that the arrested duo played active roles in collecting, handling, diverting, and misappropriating public funds through unregulated deposit schemes. The CBI tracked the suspects down following intensive efforts that involved analyzing financial records, examining bank transactions, and conducting field investigations across multiple states. After taking the two men into custody, the agency secured a transit remand to produce them before the designated court in Dehradun.

This latest enforcement action follows the earlier arrests of five other individuals, including three senior cooperative promoters who managed branch chests and collected deposits in Uttarakhand. Authorities have also identified several immovable properties allegedly acquired through the proceeds of the crime and requested the Uttarakhand government to freeze these assets for distribution to affected depositors under the Banning of Unregulated Deposit Schemes Act.

Not yet reported: The articles do not mention the exact date when the original FIRs were filed by the Uttarakhand State Police, other than noting it occurred before the November transfer.

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