The case pertains to a complaint filed by 37-year-old Sonipat resident Vipul Antil against 13 people, including actors and brand ambassadors Shreyas Talpade and Alok Nath.He alleged that both the actors promoted the Human Welfare Credit Cooperative Society Ltd as brand ambassadors. Antil, in his complaint, alleged that the society committed a “serious crime of cheating the public through financial schemes”.The society was formed under the Multi-State Cooperative Societies Act, and it started functioning in many states, including Haryana from 2016.”Its main functions were to provide savings schemes like fixed deposit and recurring deposit. It presented itself as a trustworthy, safe financial institution and carried out massive publicity to attract and convince investors. The model was based on multi-level marketing, which rapidly increased the number of investors,” Antil in his complaint stated.He further stated that, promising better returns, the society assured investors that their money would be safe and the maturity amount would be paid on time.”They did so initially for a few years, but later on delayed the payment by making the excuse of system upgradation,” he also stated. Antil also claimed that investors and agents approached the society officials, but were given false assurances.
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