Title:CBI Attaches 23 Properties Worth ₹25 Crore in ₹400 Crore Loni Urban Chit Fund Scam

June 25, 2026 : The Central Bureau of Investigation (CBI) has attached 23 properties belonging to the accused in the Loni Urban Multi State Credit and Thrift Co-operative Society chit fund scam. The attached assets are located in Uttarakhand, Uttar Pradesh, and Mumbai, and are collectively valued at around ₹25 crore.

According to the CBI, the properties were identified during the course of the investigation as assets allegedly acquired using proceeds from the fraudulent chit fund operation. The agency has so far attached properties worth ₹25 crore as part of its ongoing probe.

The case has been registered under various provisions of the Indian Penal Code (IPC), the Bharatiya Nyaya Sanhita (BNS), the Banning of Unregulated Deposit Schemes Act, and the Uttar Pradesh Industrial Disputes Act.

Investigators alleged that the accused lured more than 1.6 lakh depositors into investing in the scheme and subsequently misappropriated over ₹400 crore. The CBI has arrested seven key accused in connection with the case, and the investigation is continuing to trace additional assets and recover funds for the victims.