Four-years RI to beneficiary in LIC fraud case | chandigarh | Hindustan Times
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Four-years RI to beneficiary in LIC fraud case

The CBI special magistrate, Haryana, Gurvinder Kaur today sentenced a person to four-year rigorous imprisonment in the Life Insurance Cooperation (LIC) fraud case.

chandigarh Updated: Jul 29, 2012 21:39 IST
HT Live Correspondent

The CBI special magistrate, Haryana, Gurvinder Kaur on Sunday sentenced a person to four-year rigorous imprisonment in the Life Insurance Cooperation (LIC) fraud case.

According to the CBI, LIC agent Ram Kumar hatched a conspiracy along with his nephew Rajesh Kumar and sold insurance policies in the name of Rajbir Singh and Satya Pal, who never existed.Showing Rajesh as their real brother, he made hime their nominee in policies worth Rs 3 lakh each.

Following this the two persons were declared dead and it was shown to the company that they died of heart attack.|

On the basis of fake death certificates, Rajesh Kumar received about Rs 6 lakh in 1999.

When the matter reached the LIC, it registered a case with the CBI.

"During the trial, Bhale Ram, father of Rajesh Kumar, appeared as a witness revealing that he never had sons by the name of Rajbir Singh and Satya Pal," said Labh Singh, counsel for the CBI.

It was also proved in the court that certificates submitted to the LIC were attested by a school headmaster who also never existed.

As Ram Kumar had died during the trial, the court held Rajesh Kumar guilty and sentenced him to four-year rigorous imprisonment.