Bollywood actors Shreyas Talpade and Alok Nath have been named in a massive Rs 5 crore investment scam involving over 500 victims. Both actors allegedly promoted the fraudulent scheme as brand ambassadors, prompting police investigation and Supreme Court protection.
Bollywood actors Shreyas Talpade and Alok Nath have once again been caught in a legal controversy after being named in a new case of cheating and criminal breach of trust related to a major investment fraud.
Both actors, along with 22 other people, have been accused of misleading investors through an alleged scam run by the Loni Urban Multi-State Credit and Thrift Cooperative Society.
The case came to light after a woman named Babli, a resident of Baghpat in Uttar Pradesh, filed a complaint claiming that hundreds of people were cheated in the name of investment.
She alleged that the society collected money from the public by promising to double their investments within five years. The plan attracted many investors looking for safe and profitable schemes, but over time, they realised that the promises were false.
According to the complaint, both Shreyas Talpade and Alok Nath acted as brand ambassadors for the society and promoted the investment plan that guaranteed high returns.
Many people, influenced by their endorsements, invested their hard-earned savings. However, for more than a year, investors reportedly did not receive any returns.
Alarmed by the loss, several agents and depositors reached out to the police. So far, more than 500 people have filed complaints, and the total loss is estimated to be around Rs 5 crore.
In connection with the case, Murthal Police in Sonipat, Haryana, registered an FIR under sections related to fraud and breach of trust. The authorities are now investigating the exact role of all accused persons, including the two actors.
The police said,
“The main complaint is against the society that is alleged to have duped people of their money by luring them to invest. We will have to investigate what role, if any, is ascribed to Shreyas Talpade and Alok Nath.”
Earlier this year, both actors approached the Supreme Court for relief. In July 2025, the apex court granted interim protection from arrest to Shreyas Talpade.
Later, in September 2025, Alok Nath was also granted similar protection. While hearing the matter, a bench of Justices B.V. Nagarathna and R. Mahadevan observed,
“In the meanwhile no coercive steps to be taken against the petitioner by the respondents till the next date of hearing.”
The investigation team has stated that they will verify whether the actors were directly involved in promoting the fraudulent investment plan or were simply hired for advertisement purposes without knowledge of the scam.
Legal experts say that the case will depend largely on the contractual agreements between the actors and the company, and whether any financial transactions took place beyond professional fees.
Meanwhile, on the professional front, Shreyas Talpade is preparing for the release of his upcoming romantic comedy film ‘Single Salma’, co-starring Huma Qureshi and Sunny Singh.
The film tells the story of a 33-year-old woman named Salma Rizvi (Huma Qureshi), who agrees to an arranged marriage with Sikandar (Shreyas Talpade), but her life takes a twist when she meets another man (Sunny Singh) in London. The movie is set to release in theatres on October 31.
Alok Nath, on the other hand, remains fondly remembered for his memorable performances in family dramas like ‘Vivah’, ‘Maine Pyar Kiya’, and ‘Hum Saath Saath Hain’, which earned him the affectionate nickname “Babuji” among fans.
As of now, the police are continuing their probe into the multi-crore investment scam, reviewing financial records and contracts to determine the exact level of involvement of all accused.
The case has once again highlighted the risks of celebrity endorsements in financial schemes and the need for thorough due diligence before promoting such ventures.
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