Actor Shres Talpade’s team issued a statement as it was alleged that it was involved in a multi-million chit fund scam. Talpade has denied any participation, called the report wrong.

The team’s statement said, “It is deeply unfortunate that, in today’s world, a person’s hard -earned reputation seems to be unsafe for unfair turns by unfounded rumors. Recent reports are accused of being involved in the fraud or misconduct of Mr. Shreyas Talpade, which is very low that is possible if possible.”

“No need to say, Mr. Talpade does not have any nexus with any fraud or illegal acts as being alleged and/or operated. We urge everyone to verify the facts before spreading misinformation and request that the name of Shri Talpade be kept away from these baseless rumors. Endvers,”

The actor said that he could participate in programs organized by some companies, but there is no personal or professional relationship with the organizers.

The statement was issued by the Talapade team after allegedly nominated the actor in a fraud case registered in Uttar Pradesh.