The Central Bureau of Investigation (CBI) arrested five people, including an alleged kingpin, in connection with the multi-crore LUCC chit fund case in Uttarakhand, officials said on Wednesday.
The accused were identified as Sushil Gokhroo, Rajendra Singh Bisht, Tarun Kumar Mourya, Gaurav Rohilla and Mamta Bhandari. The CBI said they were arrested from different locations across country.
The agency said the case pertains to the alleged fraud committed through M/s Loni Urban Multi State Credit and Thrift Co-operative Society (LUCC), which allegedly duped over 100 thousand investors in Uttarakhand by luring them into unregulated deposit schemes.
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The CBI registered the case on November 26, 2025, following directions issued by the Uttarakhand high court transferring all first information report(s) (FIR) registered in the state related to the case to the central agency.
The case was registered under various sections of the Indian Penal Code (IPC), Bharatiya Nyaya Sanhita (BNS), Uttarakhand Protection of Interests of Depositors Act and the Banning of Unregulated Deposit Schemes (BUDS) Act.
According to CBI, the total deposits collected from investors are estimated to be around ₹800 crore. While some repayments were allegedly made, the fraud amount is estimated to exceed ₹400 crore.
The agency said special teams have been constituted to trace the accused using technical surveillance and intelligence inputs.
It added that the main accused, Sameer Agrawal, and his wife Saniya Agrawal are absconding abroad and notices and circulars have been issued against them.
According to a CBI release, the investigation also revealed that several immovable properties were allegedly acquired using proceeds of crime. Details of these properties have been shared with the finance secretary of the Uttarakhand government, with a request to freeze the assets and initiate proceedings for compensating victims under the provisions of the BUDS Act.
The agency said a chargesheet in the case will be filed soon.
