PIONEER NEWS SERVICE | Dehradun
Uttarakhand Police has decided to seek Interpol’s assistance in taking legal action against the operators of Loni Urban Multi-State Credit and Thrift Co-operative Society (LUCC), who are facing multiple fraud allegations. Authorities will issue Look Out Circulars (LOC) and Red Corner Notices (RCN) to prevent key accused Samir Agarwal from Mumbai, Pankaj Agarwal from Madhya Pradesh and Shabab Hussain from Uttar Pradesh, from leaving the country. Efforts will also be made to secure their custody if they are found in foreign jurisdictions.
This was stated by additional director general (Law and Order) V Murugesan in a video conference held on Wednesday. He along with other senior police officials reviewed seven registered cases against LUCC and ordered a faster investigation.
He said that the Enforcement Directorate (ED) and the Income Tax department will be provided with detailed reports and law enforcement agencies have been instructed to trace the financial transactions of the accused. Their bank accounts will be frozen and their properties will be attached based on money trail findings. Police will also coordinate with the Registrar of Companies (ROC) to collect relevant records. The case will be pursued under the Uttarakhand Protection of Interests of Depositors (in Financial Establishments) Act, 2005 and the Banning of Unregulated Deposit Schemes Act, 2019, the ADG said.
