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Bollywood Actors Alok Nath, Shreyas Talpade, 22 Others Booked in Fraud Case

Shreyas Talpade and Alok Nath are accused of promoting a fraudulent cooperative society that misled investors, with 24 individuals named in the case, police said.

  • On October 24, 2025, Bollywood actors Shreyas Talpade and Alok Nath were named with 22 others in a fraud case filed in Baghpat, Uttar Pradesh, linked to the Loni Urban Multi-State Credit and Thrift Cooperative Society.
  • The complaint says the cooperative society solicited investments by promising to double money within five years, while Talpade and Nath served as brand ambassadors promoting the Loni Urban Multi-State Credit and Thrift Cooperative Society's plans to investors in Baghpat and surrounding areas.
  • Police say the scheme affected over 500 people and gathered Rs 5 crore, while investigators found the society recruited over 25 agents and Babli, complainant from Baghpat, invested Rs 1.90 lakh.
  • Local police have registered the complaint and opened investigations, collecting statements, reviewing financial records, scrutinising marketing materials featuring Talpade and Nath, and urging potential victims to come forward.
  • Earlier this year, an FIR in February at Gomti Nagar Police Station, Lucknow named Talpade, Nath and five others over alleged cheating of 45 investors, and the current case lists 24 accused and investors unable to access funds.
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Live Mint broke the news in New Delhi, India on Friday, October 24, 2025.
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