LUCC Scam and Myfledge Accused Faces Property Attachment Notice

In the ongoing investigation into the LUCC chit fund scam, police have served an attachment notice at the residence of accused Shabab Hussain Rizvi, who remains absconding in connection with multiple fraud cases registered in Uttar Pradesh.

Authorities had earlier registered several cases against individuals linked to the chit fund operation, which allegedly collected large sums of money from investors before disappearing. Following court orders, police visited Rizvi’s residence in Jalaun district and pasted an attachment notice on the property after he failed to appear before the court despite repeated summons.

Meanwhile, Rizvi is now facing fresh legal action in Mumbai over a separate high-value financial dispute involving an aviation training company.

According to legal filings, a case has been initiated at the Girgaon Court in Mumbai in connection with a cheque bounce amounting to ₹4.44 crore. The court has summoned Shabab Hussain Rizvi, along with Bishwajit Badal Ghosh and Piyalee Shyamlendu Chatterjee, directors of Myfledge Private Limited.

Actor Aayush Shah has filed criminal complaints against the company, alleging systematic cheating and forgery amounting to ₹4,44,48,000. The complaint further claims that investors and students were allegedly misled regarding the institute’s assets, infrastructure, and professional credentials.

Several students have also raised concerns over the non-delivery of promised aviation training infrastructure, certifications, and facilities, casting doubts over the institute’s operational legitimacy in Uttarakhand and other locations.

Adding to the controversy, it has been alleged that the accused have rebranded the company from “Myfledge Private Limited” to “Fledge Institute of Aviation and Hospitality.” Complainants claim the move was made to continue operations and potentially engage with new students and investors under a different name.

Investigations and legal proceedings in both Uttar Pradesh and Mumbai are currently underway.