Looking to surrender insurance policies, retired Colonel ends up losing ₹4 lakh in Panchkula

The complainant added that the caller promised to help transfer the amount and interest accumulated under the policies, demanding ₹2 lakh per policy.

A 68-year-old retired Colonel was duped of ₹4 lakh by an unknown person claiming to be from insurance ombudsman office.

As per Colonel Nathu Ram Dahiya of Amravati Enclave, he received a call from the accused, who introduced himself as Yashpal Mathur, on January 8. (iStock)

As per Colonel Nathu Ram Dahiya of Amravati Enclave, he received a call from the accused, who introduced himself as Yashpal Mathur, on January 8.

After gaining his trust by assuring Dahiya that he could resolve his pre-existing complaints of ending two insurance policies, the caller told him that by using real-time gross settlement (RTGS), he would be able get both of his policies terminated.

The complainant added that the caller also promised to help in transferring the entire amount and the interest accumulated under the policies. For this, Dahiya said, he demanded ₹2 lakh per policy to be transferred in his bank account.

Read: Panchkula couple booked for defrauding investors of ₹16 crore

Dahiya added that the accused had said the policy amount would be deposited in his account by evening. However, he switched off his phone soon after this conversation. Realising that he had fallen prey to a fraudster, Dahiya then approached the police.