Dehradun – Additional Director General (ADG) of Police, Law and Order, V. Murugesan, held a video conference with district officials and regional police inspectors to review the ongoing investigation against the Loni Urban Multi-State Credit & Thrift Co-operative Society (LUCC). He directed officials to expedite the probe and take strict legal action against the accused.
The ADG emphasized issuing Look Out Circulars (LOC) and Red Corner Notices (RCN) against key accused Samir Agarwal from Mumbai, Pankaj Agarwal from Madhya Pradesh, and Shabab Hussain from Uttar Pradesh to prevent their possible escape abroad. Interpol’s assistance will be sought for international legal actions. For those in UP jails, authorities have been instructed to secure custody through warrants and recover investors’ properties.
Furthermore, officials will freeze bank accounts and attach properties linked to the accused based on the money trail. Reports will be sent to the Enforcement Directorate (ED) and the Income Tax Department. Additional charges may be filed under the Uttarakhand Protection of Interests of Depositors (UPID) Act, 2005, or the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019.
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Senior officials, including IG Law and Order Nilesh Anand Bharne, DIG Law and Order Dhirendra Gunjyal, and SP CID Yashwant Chauhan, attended the review meeting.
