A city court has ordered registration of a criminal case against a private financial institution for cheating a senior government official by abusing his LIC policy along with forged documents for a loan from the insurance company itself.
According to the FIR registered at RK Puram police station, TK Murugan, Joint Director General in the Ministry of Commerce, had deposited his original LIC policy with Akhshayaa Finance Bhaarath at Janpath against a soft loan he took for his son studies.
He alleged that despite returning his loan to the company within agreed time frame, the officials refused to return his LIC policy on one pretext or other. On 25 February 2009, he found that company officials furnished the discharged form along with original LIC policy claiming the maturity amount in their favour.
Metropolitan Magistrate Saurabh Pratap Singh Laler said, “Investigation by police is required for seizure of original documents and sending them to the Central Forensic Science Laboratory.”
Murugan approached the court stating that the finance company had used his original LIC policy along with forged documents for issuance of a loan of Rs 2.3 Lakh from the LIC. He also found that the company had already issued the loan months before the maturity of the policy.
He had registered the complaint against all the top eight officials ofthe company.