A major fraud case has been registered against 15 individuals, including Bollywood actor Shreyas Talpade, for allegedly duping people out of crores under the guise of a chit fund scheme.

According to reports, the accused were running a company named ‘The Loni Urban Multistate Credit and Thrift Cooperative Society Limited,’ which promised villagers lucrative returns on their investments. Agents of the company allegedly lured hundreds of people by assuring them that their money would double in a short span. However, after collecting crores from unsuspecting villagers, the company reportedly shut down operations and fled the district. The fraudulent scheme had been operational in Mahoba for the past ten years before coming under legal scrutiny.