By Shishir Prashant 
PrashantNews
Uttarakhand Chief Minister Pushkar Singh Dhami on Wednesday recommended a CBI probe into a financial fraud with investors by the directors of The Loni Urban Multi State Credit and Thrift Co-operative Society.
A series of protests were held in Pauri and other areas of Uttarakhand in the recent past seeking strong action against the swindlers.
In a case of financial fraud, the Loni Urban Multi-State Credit and Thrift Cooperative Society allegedly defrauded investors in Uttarakhand other parts of the country by falsely promising high returns on investments.
The scam surfaced in Uttarakhand, where the society reportedly opened numerous unauthorized branches without obtaining prior approval from the Central Registrar of Cooperative Societies. In Uttarakhand alone, the society siphoned off crores of rupees, deceiving investors with promises of high returns on investments.
Police sources said the fake society under the name of Loni Urban Multi-State Credit and Thrift Cooperative Society operated 35 branches across the state, luring local residents with offers of high-yield investments in a short time frame.