Shreyas Talpade Booked in Fresh Investment Fraud Case in UP; Court Orders FIR Over Alleged High-Return Scheme

Lucknow: Bollywood actor Shreyas Talpade has been named in a new fraud case registered in Uttar Pradesh’s Mainpuri district after a court directed police to file an FIR and begin an investigation. The case has been lodged at Bhogaon police station and names 12 individuals, including the actor, in connection with an alleged high-return investment scheme that reportedly duped local residents of lakhs of rupees.

The complaint was filed by a resident of Mohalla Mishrana in Bhogaon, who alleged that he and several others were convinced to invest money in what was described as a Mumbai-based banking operation functioning locally. According to the complaint, the accused allegedly promoted attractive financial schemes and assured investors of unusually high returns within a short period.

However, the promised returns were never delivered. Investors later claimed that their money had not been refunded and that repeated attempts to recover their funds failed. After allegedly receiving no response, the complainant approached the court, which then ordered the police to register a formal case and initiate legal proceedings.

Following the court’s direction, police have launched an investigation to examine the financial transactions, identify the role of each accused person, and verify the authenticity of the so-called Mumbai bank branch that was allegedly operating from within the locality. Officials are also looking into whether additional individuals were involved in promoting or managing the scheme. Authorities indicated that more names could be added to the case depending on the findings of the probe.

This development adds to earlier controversies in which Talpade’s name has surfaced in connection with alleged investment-related fraud cases in Uttar Pradesh, Haryana and Uttarakhand. Those cases were linked to the Loni Urban Multi-State Credit and Thrift Cooperative Society.

In October 2025, police in Baghpat had registered a separate FIR against 22 people, including Shreyas Talpade and actor Alok Nath, in an alleged multi-crore scam. In that case, more than 500 investors claimed they were cheated of over Rs 5 crore after being promised that their investments would double within five years. The actors were reportedly associated with the company as brand ambassadors and had appeared at promotional events.

According to complaints in that matter, investors from western Uttar Pradesh and Uttarakhand had deposited money in recurring deposits, fixed deposits and savings schemes. The issue came to light after the company reportedly shut down its transaction software in November 2024, making withdrawals impossible. Some investors also alleged that senior officials of the company left the country and issued threats when refunds were demanded.