Ghost of another Rs 200 crore scam resurfaces in Uttarakhand

United News of India

26-07-2025

Dehradun, July 25 (UNI) As the alleged Loni Urban Multi State Credit Thrift Cooperative (LUCC) Society scam raised tempers in Uttarakhand's political circles, another purported Rs 200 crore mutual fund scam has resurfaced.
Opposition Congress alleged that BJP government has failed to take action against the businessman and his wife responsible for allegedly cheating the public of more than ₹200 crore.
Congress attacked the BJP-led Uttarakhand government alleging that a series of financial scams, and the swindling of the hard earned money of the people have taken place in the past few years.
Congress alleged that similar to the LUCC scam, a company had laundered the hard-earned money of the investors in Uttarakhand during the Covid-19 days.
Congress' Uttarakhand chief spokesperson Garima Mehra Dasauni alleged that the wife of a former government advisor ran a company which collected more than ₹200 crore from the people promising handsome returns through fixed deposits (FD) and recurring deposit (RD) accounts of the investors.
"However it was discovered later that 40-50 thousand fake FD and RD accounts were created by the firm and investors did not get the promised amount resulting into a public outcry. Victim investors are still clueless as to where their money has gone," she said.
"Investors are still waiting for their money" alleged Dasauni.
She questioned if Uttarakhand government will reveal exact amount people of the hill state were cheated by the firm and whether it was involved in money laundering. UNI PRI SSP