Dehradun: The CBCID Dehradun has intensified its investigation into the Loni Urban Multi-State Credit and Thrift Cooperative Society Ltd (LUCC) scam. The society, accused of duping investors across multiple districts, is now facing coordinated legal action including arrests, property seizure, and coordination with central agencies.
A total of eight FIRs have been registered across Dehradun, Pauri, Uttarkashi, Tehri, and Rudraprayag districts of Uttarakhand. According to investigators, the accused collected large sums of money from the public under the pretext of attractive returns, only to misappropriate the funds.
In one of the cases, six accused individuals have already been arrested and sent to jail. Chargesheets have been filed in court, and further investigation is underway by CBCID Dehradun.
Assets Under Scanner
Authorities have begun the verification of assets held by the accused. Reports have been submitted to the District Magistrates of Dehradun and Tehri Garhwal, and to the Assistant Regional Transport Officer (ARTO), Tehri, to prevent the disposal or sale of these properties. Correspondence has also been initiated with the Commissioners of Garhwal and Kumaon divisions to identify additional assets, which will be seized or auctioned upon verification.
Multi-agency Coordination
- Look Out Circulars (LOC) and Blue Corner Notices have been issued against the accused.
- Communication has been made with the Central Registrar of Cooperative Societies (New Delhi) and the Registrar of Cooperative Societies (Uttarakhand) to gather LUCC registration details and facilitate the inclusion of Uttarakhand victims in the liquidation process.
- Authorities have contacted passport offices to obtain documents related to the accused.
- Relevant case files and documents have also been shared with the Income Tax Department and the Enforcement Directorate (ED) for further legal proceedings.
- District police are simultaneously conducting legal follow-ups in all LUCC-related cases.
The multi-layered action by CBCID reflects the state’s commitment to recover investor funds and ensure accountability in financial fraud cases.
