Insurance fraud: 19 company ‘heads’ under scanner
19 owners of various insurance companies are under scanner of Chandigarh police’s cyber crime investigation cell. Cyber cell has recently busted a gang of tricksters who were duping people on the pretext of investing into insurance policies.Updated: Apr 27, 2017 15:43 IST
19 owners of various insurance companies are under scanner of Chandigarh police’s cyber crime investigation cell. Cyber cell has recently busted a gang of tricksters who were duping people on the pretext of investing into insurance policies.
Harvinder Singh (39) of Sri Ganganagar, Rajasthan, is already in the police net along with his accomplice, Noida-based Tejinder Singh.
Harvinder was proprietor of Money Solutions. Rs 7 lakh was deposited in his account by complainant Ravinder Singh Grewal (81) of Sector 39, Chandigarh. Grewal ended up depositing Rs 42 lakh in the accounts of 21 companies over a period of one year.
Grewal has provided names of different companies to the police, which is trying to establish the real identity of the owners of these companies.
Police sources claim that there are chances that the bank accounts are being operated in the name of innocent persons by owners of the mentioned companies in the FIR.
Harvinder was arrested eight months ago too for duping a city resident of Rs 16 lakh. He was later granted bail.
On March 23, Grewal, had approached the police, alleging that he had been duped of Rs 42 lakh on the pretext of investing into insurance policies.
Investigations revealed that the accused got hold of details regarding Grewal’s five insurance policies and started calling him on his mobile in January, 2016. The accused used to represent themselves as insurance agents and lured the victim, urging them to invest in insurance schemes and promising to double their money within two months.
The accused would then share details and make money by further sharing details for a 30% commission. So far, 12 persons took turns to cheat the victim, who ended up depositing Rs 42 lakh in accounts of 21 different companies, over a period of one year.
First Published: Apr 27, 2017 15:43 IST