Rs100-cr insurance scam busted, 4 held from Delhi

Tribune News Service

Ludhiana, October 17

Four persons have been arrested by the city police from Delhi for allegedly duping innocent people on the pretext of issuing insurance policies.

The police said the gang, which operated from Delhi, had committed fraud worth Rs 100 crore with hundreds of people in the past eight years.

The police recovered data of 20,000 people across India having insurance policies in various companies. The role of some insurance company employees is also under scanner for leaking the data.

The accused are Yogesh Kumar, his brother Akash Kumar of Mangolpuri, Sunil Kumar of Sultanpuri, and Mosami of Moti Bagh, all in Delhi. The police seized 12 mobile phones from their possession.

Police Commissioner Rakesh Agrawal, ADCP Sachin Gupta and other officers addressed a press conference here today.

Agrawal said the gang had duped a city resident, Jagdev Singh, of Rs 3.4 crore by providing him fake insurance policies. An FIR was lodged at Sarabha Nagar in October last year. “Since then, our cyber cell was trying to get a link and almost a year after, it managed to nab four of the gang members from Delhi. These accused were working in the call centre of their kingpin from where they operated the entire racket,” he added.

Hs claimed that the gang used to procure data of insured people at Rs 4 per person. “As per initial probe, the kingpin has created some fake insurance companies and by calling innocent people and luring them with multiple returns, the accused used to issue fake policies. Once the gang kingpin is arrested, more layers of the racket will be exposed,” said the ADCP.