ACTOR VERSUS SINGER
Face2News/Mumbai
Trouble continues to mount for Myfledge Private Limited and its directors, with a fresh FIR registered in Baghpat, Uttar Pradesh, over an alleged ₹5 crore fraud. The case adds to a growing list of legal actions against the company and its key promoters, who now face eight FIRs across India and seven criminal cases in Mumbai.
According to reports, a multi-state cooperative society scam has defrauded more than 500 investors in Baghpat, with police naming 22 individuals in connection with the fraudulent operations run through The Loni Urban Multi-State Credit and Thrift Cooperative Society (LUCC).
The Additional Director General of Police (ADG) Crime and Law & Order, Uttarakhand, V. Murugeshan, recently reviewed progress in seven cases registered against LUCC directors via video conference. He instructed officials to expedite investigations, take strict legal action, and register FIRs promptly based on victims’ complaints.
Citing the risk of prime accused—including Shabab Hussain (also known as Shabab Hashim), a director at Myfledge Pvt. Ltd.—fleeing the country, the ADG directed officers to initiate Look Out Circulars (LOCs) and Red Corner Notices (RCNs) with Interpol’s assistance for international enforcement.
Authorities have also been ordered to:
- Identify and seize properties acquired through illicit funds.
- Freeze bank accounts of the accused based on the money trail.
- Forward detailed case reports to the Enforcement Directorate (ED) and the Income Tax Department for financial scrutiny.
Obtain records from the Registrar of Companies (ROC) and register cases under the Uttarakhand Protection of Interests of Depositors (in Financial Establishments) Act, 2005 (UPID Act) and the Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) where applicable.
These measures aim to help recover and return funds defrauded from investors through the cooperative network.
In a related development, a Mumbai court has issued process in a separate ₹4.44 crore fraud case involving MyFledge Pvt. Ltd. and its directors Bishwajit Badal Ghosh (a self-proclaimed struggling singer), Piyalee Shyamlendu Chatterjee, and Shabab Hussain (alias Shabab Hashim).
Additionally, 6 cheque bounce cases (Section 138) have been filed in the Girgaon Court, and 1 cheating and forgery case has been registered in the Andheri Court against Myfledge directors and their family members — Badal Chandra Ghosh, Bijoya Subratkumar Das, Piyalee Shyamlendu Chatterjee, and Bishwajit Badal Chandra Ghosh.
Reports also claim that multiple complaints have been filed by students regarding alleged discrepancies between commitments and claims made by Myfledge during admissions.
MyFledge Pvt. Ltd. claims to operate training centres across several cities, including Bengaluru, Lucknow, Bhopal, Guwahati, Raipur, Mangaluru, Siliguri, Surat, Chandigarh, Dehradun, Navi Mumbai, and Mumbai.
During a high-level review meeting in March 2025, ADG Murugeshan emphasized inter-state coordination among law enforcement agencies to trace assets, ensure restitution, and hold all accused accountable under applicable laws.
Myfledge one of the director is reported to be absconding.