LUCC scam: CBI arrests two masterminds
The CBI has arrested two primary suspects in the ₹800 crore LUCC chitfund scam following an extensive investigation. The suspects had been absconding since the Uttarakhand High Court transferred the case to the CBI last year.
Why it matters
This arrest marks a significant development in a major financial fraud case that impacted over one lakh investors in Uttarakhand.
The CBI has arrested two in the ₹800 crore LUCC chitfund scam in Uttarakhand, officials said on Tuesday (June 2, 2026). The two alleged masterminds were arrested in Mumbai .
The article relies on official statements from the CBI and provides a factual account of legal proceedings.
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