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The Economic Times

Global Business / The Economic Times

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CBI arrests two main accused in Uttarakhand LUCC chit fund scam

The CBI has apprehended two key figures in the Rs 800 crore LUCC chitfund scam. Kishan Jain and Pankaj Jain were arrested in Mumbai. Over one lakh investors were allegedly defrauded by the Loni Urban Multi State Credit and Thrift Co-operative Society. The Uttarakhand High Court transferred the cases to the CBI last year.

2 Jun 2026 1:44 pm