Archive · 24 Jul 2025
LUCC Scam: Amit Shah Pledges Justice as CBI Probe Ordered
A big financial scam called the LUCC scam, involving hundreds of crores, is under investigation.
People in Uttarakhand and other places were tricked into investing money with promises of high returns.
They never got their money back.
The Chief Minister has asked the CBI to investigate.
The Union Home Minister, Amit Shah, is involved and has promised to punish the people responsible for cheating investors.
A major scam involving the Loni Urban Multi State Credit and Thrift Cooperative Society (LUCC) reached Union Minister Amit Shah.
Amit Shah assured that no one involved in the scam will escape punishment.
The Uttarakhand Chief Minister recommended a CBI investigation into the LUCC scam.
The LUCC scam is estimated to be worth hundreds of crores, potentially exceeding ₹500 crore.
Investors were promised high returns but never received them, leading to protests.
- Who
- Investors defrauded by the LUCC Society, Union Minister Amit Shah, and the Chief Minister of Uttarakhand.
- What
- The LUCC scam, a large-scale financial fraud.
- When
- The issue came to Amit Shah's office on Thursday. The Chief Minister recommended a CBI probe earlier this week.
- Where
- Uttarakhand and other states where the LUCC Society operated.
- Why
- Investors' money was not returned as promised by the LUCC Society.
Investors
Society Promoters
Recovering Funds
Investors
Demand full recovery of defrauded funds.
Society Promoters
Society Promoters
- Scam Name
- Loni Urban Multi State Credit and Thrift Cooperative Society (LUCC)
- Estimated Value
- Hundreds of crores, potentially over ₹500 crore
- Action
- CBI investigation recommended
- Involved Parties
- Investors, Union Home Minister Amit Shah, Uttarakhand MPs
- Location
- Uttarakhand and other states
- Promise
- Double returns in a short period