CBI STEPS IN MUMBAI TO FURTHER INVESTIGATE THE LUCC SCAM LINKED WITH MYFLEDGE DIRECTORS

Face2News/Mumbai

In a fresh development in the ongoing LUCC scam investigation, new actions in Mumbai have intensified scrutiny around financial linkages and associated entities, including Myfledge Private Limited. The case, already under the scanner for alleged financial irregularities amounting to crores, continues to widen in scope as multiple agencies examine related transactions and individuals.

Sources indicate that the Central Bureau of Investigation (CBI) has stepped in to assist with aspects of the probe, particularly in connection with financial trails and interlinked entities that may be tied to the broader investigation. This move is expected to provide deeper insight into the flow of funds and potential irregularities associated with the case.

Myfledge Private Limited has emerged as one of the entities being examined as part of the ongoing probe. The company’s directorial structure includes Shabah Hussain, along with Bishwajit Badal Chandra Ghosh and Piyalee Shyamlendu Chatterjee. Authorities are currently looking into the nature of their roles and any possible links to the larger financial network under investigation.

Hussain, already facing scrutiny in connection with a multi-crore cooperative society fraud that allegedly originated in Uttarakhand around 2019, is among the individuals whose past and present associations are being examined as part of the broader inquiry.

As part of the intensified investigation, Investigation Officer Rishikesh Kumar, Deputy Superintendent of Police, has been in Mumbai for the past few days. He is reportedly leading on-ground efforts to trace connections between individuals, entities, and financial transactions that may be relevant to the case. His presence in the city is seen as a crucial step towards strengthening coordination across jurisdictions.

Officials familiar with the matter suggest that the investigation is focused on identifying transactional patterns, verifying documentation, and mapping relationships between various stakeholders.

The LUCC scam has garnered significant attention due to its scale and the number of entities allegedly involved. With fresh leads emerging and the CBI now stepping in, authorities are expected to further expand the scope of the investigation in the coming days.

As the case progresses, more clarity is likely to emerge regarding the role of associated companies and individuals, including those linked to Myfledge Private Limited. Officials have reiterated their commitment to conducting a thorough and evidence-based investigation.