Now the demand for CBI investigation in LUCC scam is increasing, cases are registered in seven districts

CBI investigation can now enter the LUCC Cooperative Society scam. After continuous pressure from investors and public representatives, the echo of this scam has reached from the state to the center.

Cases are registered against LUCC Society in seven districts of Uttarakhand

Let us tell you that this society, allegedly linked to the Ministry of Cooperation, has defrauded more than 2 lakh investors of Rs 500 crore in the name of schemes like RD, FD and MIP. Cases are registered against LUCC in seven districts of Uttarakhand. In most of the complaints, it has been said that the society took the investors into confidence by citing false documents and being linked to the Ministry of Cooperation and got the money deposited.

Demand for CBI investigation is gaining momentum

Now there is pressure on the government to hand over the case to the CBI for impartial investigation. Many investors have alleged that the action of the police and the cooperative department is very slow and till now there is no news of any major arrest or recovery. Let us tell you that LUCC Society had trapped people by luring them with high interest in different schemes.

The society had claimed high interest

The society had claimed interest ranging from 12% to 18% in RD, FD and MIP schemes. Many people invested their life savings in it. Initially, some investors also got their money back, which kept the trust alive, but later the process of returning money stopped completely. LUCC Society claimed in its advertisement that it is recognized by the Ministry of Cooperatives, but initial investigation has made it clear that this claim was misleading.