A CASE of defrauding Oriental Insurance Company, 11B Ratlam Kothi branch, to the tune of Rs 4 crore by its officials has come to light, and the Sanyogitaganj police station has registered a case under Sections 420, 409, 119 and 120B of IPC against R Kejar (manager), R K Dimpal (regional manager), R K Pathak (branch manager and Dr B N Bhargava (assistant manager) following a court order in this regard.
The court gave this order after insurance union leader Ravi Poddar, resident of Suyash Vihar Colony filed a public litigation in this regard.
The genesis of the fraud began when one of the employees of the office destroyed many insurance policy records made between 1996-1998. The company officials then lodged a report with the MG Road police station saying that the records of around 1000 policies kept in 93 files had been stolen.
They also took out notices in newspapers saying that since the records have been destroyed, those who had made out insurance policies in those years should come with their original policies and premium receipts and get their claims. The accused, or some employees of the company whom these officials were trying to shield also attempted to destroy the hard disc of the server in which these records had been kept.
The company itself had also instituted an internal inquiry and they had managed to retrieve most of the data from the hard disc. On matching the data of the hard disc and those on the ground they had found large-scale irregularities.
In many cases excess payment had been made and in some cases genuine policyholders who did not have proper records were denied payment. It is suspected that in many cases false claims were presented and money taken out. It won’t be surprising, police sources said if more employees and officials of the company are found involved in the fraud.
The public interest litigation was filed in 2004 by Poddar after one of the genuine policy holder named Mithilesh approached Poddar after the former was denied payment of Rs 10 lakhs as he did not have the insurance policy with him.
CSP Irmin Shah said that the FIR has been lodged on the orders of the court which found prima facie found evidence of fraud against the four accused. She said investigations are on in the case.