Insurance fraud racket busted, 3 arrested- Business News

Insurance fraud racket busted, 3 arrested

A team of crime branch busted an insurance fraud racket operating in Delhi

  • September 14, 2015  
  • |  
  • UPDATED   10:40 IST

 An insurance fraud racket, operating under the cover of a tour agency, has been busted with the arrest of three persons from East Delhi, police said today. A team of Crime Branch arrested Amit Kumar, Neeloo Kumar and Himanshu Vats in a raid at Tirupati Plaza in Shakarpur area of East Delhi, where they ran their tour agency office, said Ravindra Yadav, Joint Commissioner of Police (Crime). The police team also recovered a laptop, a desktop computer, mobile phones, stamps of various insurance companies, cheques of their victims and other incriminating material. The Crime Branch of Delhi Police was approached by an ex-serviceman based in Churu of Rajasthan, who had registered an FIR at local police station about a cheating of Rs 90,97,400 through false promises of hefty bonus on his insurance policies by the accused.

The victim, Govind Prasad Sharma, alleged that he was approached by a person, in 2014, who claimed to be an official of a government company telling him that he had earned bonus of nearly Rs 7 lakh on his existing insurance policy. He was told by the caller to send a cheque of Rs 24,999 as processing fee. Sharma started paying through cheques and bank deposits in response to similar other calls he received later, as various charges cited by the callers. Information was received that a racket involved in cheating people all over the country on the pretext of providing handsome bonus on their insurance policies is operating from East Delhi and the raid was conducted. All the accused were ex-employees of call centres having knowledge of functioning of insurance companies, the officer said.

The absconding members of the racket Pradeep Yadav, Akhilesh Yadav and Deepak used to procure data of customers from various companies where they used to work as tele-callers and sales executive. They particularly targeted retired persons having large funds. Details of other victims of the racket are being verified through bank statements of the accused persons and phone records, the officer added.