Kathmandu. Police in India have found facts about a gang that has run a fraud network in the name of the poor by insuring them and paying claims for insurance.
Sambhal district police in Uttar Pradesh, based on an investigation report, has concluded that more than Rs 1 billion has been siphoned off in the name of thousands of people in various rural areas of 12 states, including Uttar Pradesh, Bihar and Jharkhand. The police filed an 800-page charge sheet against the 11 accused through the public prosecutor, the Online edition of The Times of India reported.
The group, known as the ‘insurance mafia’, is accused of purchasing life insurance policies in the name of the deceased or those who have already died. These policies were used to withdraw claim money from major insurance companies including ICICI Prudential, PNB MetLife, Bajaj Allianz and SBI. It has been purchasing online term insurance policy in the name of people who are on the verge of death, who are sick or have died, obtaining death registration certificates and claiming insurance from insurance companies.
The gang had been luring the family members of the deceased or sick insured to get the documents required for payment of claims. Some of the claim amount was given to the family members of the deceased and the rest was deducted by themselves. In the recent past, the victims’ complaints have come to light after the number of missing people increased after they got the claim money themselves.
Sambhal Superintendent of Police Krishna Kumar Vishnui, Assistant Superintendent of Police Anukreethy Sharma and Circle Officer Deepak Kumar led the investigation into the insurance scam. It started with secret information giving clues to the work of the 26-member network spread across several states. These people were arrested after several complaints were registered.
Talking to local media persons on Friday, ASP Anukriti Sharma said, “The 800-page charge sheet filed on Thursday contains all details of evidence collected since January 17 when an SUV was stopped at Sambhal and a large amount of unexplained cash was found, including PAN cards, debit cards, etc.” It exposed the scam spread across 12 states. So far, we have named Omkareshwar Mishra (Varanasi) in the charge sheet; Surajpal, Shah Rukh Khan of Sambhal; And we have named 11 people including Shivendra Kumar of Bihar. Since this is an ongoing investigation, many others are absconding or on the radar. ”
