India, March 28 -- The Jammu and Kashmir police have registered a fraud case against Bollywood actor Shreyas Talpade and 14 others for allegedly duping hundreds of villagers through a lucrative chit fund scheme.

Bollywood and Marathi film actor Shreyas Talpade has featured in many movies, including the popular film franchise 'Golmaal' and his debut film 'Iqbal'.

The accused were running a company named 'The Loni Urban Multistate Credit and Thrift Cooperative Society Limited, according to Live Hindustan. Agents of the company allegedly promised villagers that their investments would almost double in a short span of time.

Police said the company shut down operations and fled Mahoba district in Uttar Pradesh after collecting crores of rup...