Mumbai, Nov. 14 -- The Uttarakhand government has attached nine properties in the Mumbai Metropolitan Region (MMR) linked to an alleged Rs.10,000-crore Ponzi scheme centred around the Loni Urban Multi State Credit and Thrift Co-operative Society (LUCC). Seven of these properties are in Navi Mumbai, and the remaining two are in Mira-Bhayandar, according to a public notice issued by the Uttarakhand government. The attachment follows orders by a special court for cases under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act and a sessions court earlier this year. All seven attached flats in Navi Mumbai are owned by the alleged mastermind, Sameer Agrawal, or his family members. Agrawal, the chairman and managing director of the SAGA Group, has been accused of diverting and misappropriating funds collected from Uttarakhand citizens under various unregulated deposit schemes offered by LUCC. He has reportedly left the country and is absconding. Six of the seven flats are located in Ghansoli, while the seventh one is in Ulwe. One of the two flats attached in Mira-Bhayandar is owned by Yogita Pankaj Jain and Kushalsingh Jain, who allegedly opened bank accounts in Mumbai for shell companies that were used to receive and route funds collected from depositors. The other Mira Road flat is owned by Sushil Gokharoo, who allegedly arranged bank accounts in the names of shell entities into which the funds of LUCC investors were deposited and then misappropriated by Sameer Agrawal, according to the notice. The case relates to an FIR filed by the Central Bureau of Investigation (CBI) in November 2025, based on 18 FIRs in Uttarakhand related to the alleged Ponzi scheme. The CBI had filed a charge sheet against 18 accused people in July this year. The alleged fraud was operated by the SAGA Group through LUCC and its affiliated cooperative societies. The company allegedly lured investors across several states through fixed deposit, recurring deposit and monthly income schemes, promising to double or triple their investments within three to five years, along with incentives such as cars. Investigators allege that the firm collected over Rs.10,000 crore without any genuine business activity to support the promised returns and diverted a substantial portion of the funds for personal gains. The probe has allegedly uncovered a network of over 50 shell companies through which funds were routed using cash channels and hawala transactions to acquire assets....