Shreyas Talpade, Alok Nath among 22 booked for investment fraud in UP's Baghpat
Baghpat (PTI): An FIR has been registered here against 22 people, including Bollywood actors Shreyas Talpade and Alok Nath, in connection with a fake finance company duping hundreds of investors by promising to double their money within a year, officials said on Saturday.
Additional Superintendent of Police (ASP) Praveen Singh Chauhan said the company, Urban State Credit Cooperative Society Limited, based in Loni, operated investment schemes through agents in several districts of western Uttar Pradesh, including Baghpat, Meerut, and Ghaziabad.
According to Chauhan, the company used well-known film personalities to promote its schemes.
"Shreyas Talpade was projected as the promoter, while Alok Nath was introduced as the brand ambassador to help the company gain people's trust," the officer said.
Over 500 investors reportedly deposited lakhs of rupees in the scheme. However, after a year, when investors sought to withdraw their funds, the company's office was found locked, and its officials missing, police said.
A complainant, Babli from Baghpat, alleged that the company even forged signatures on documents to misappropriate deposits.
Following multiple complaints, police registered a case under sections related to cheating, forgery, and criminal conspiracy.
Chauhan said an investigation is underway to identify all the accused, examine their bank accounts, and verify the extent of involvement of the celebrities whose names and images were used for the company's promotion.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
