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10 Arrested For Insurance Fraud Worth Crores

Utilizing the cast paperwork, the gang would allegedly declare insurance coverage cash from the businesses.


Ten members of a gang, together with a lawyer and a physician, have been arrested in Madhya Pradesh’s Dhar district for allegedly defrauding insurance coverage firms of crores of rupees by forging faux paperwork of terminally ailing sufferers and other people in moribund state.

The police, posed as insurance coverage brokers, carried out a covert operation to bust the racket, revealing the gang’s modus operandi.

The gang would first determine terminally ailing sufferers and get life insurance coverage cowl and automobiles financed of their names, the police mentioned. After their deaths, they might procure faux loss of life certificates to show that they’ve died of unnatural causes. Senior residents can be confirmed to be younger within the certificates to inflate the worth of insurance coverage cowl.

Utilizing the cast paperwork, the gang would allegedly declare insurance coverage cash from the businesses.

“Till now, two cases have been registered and ten men of the gang, including a registered advocate (who is gang’s kingpin) and a government doctor (who prepared fake autopsy report to establish accident as cause of death) have been arrested. Four to five more such matters have come to the fore during investigation,” Dhar police chief Aditya Pratap Singh mentioned.

In a single case, an economically weak septuagenarian lady, who was in a moribund state, was focused by the gang, the police mentioned. A life insurance coverage coverage was bought in her title by the web route. After she died a pure loss of life, a faux loss of life certificates was ready with the assistance of a faux post-mortem report that confirmed she died in an accident.

“Subsequently, the fraudsters managed to get Rs 37 lakh as life insurance claim, out of which Rs 80,000 was given to the woman’s son for drip irrigation of his small agricultural plot,” Mr Singh mentioned.

In one other case, the gang allegedly obtained 8-10 automobiles, together with a JCB machine, 4 automobiles, two tractors and two bikes financed within the title of a 70-year-old most cancers affected person, who died in January.

The village panchayat issued his loss of life certificates in February. The gang, nevertheless, obtained one other certificates made to tug off a fraud. They talked about within the faux doc that the person was over 40 years of age and that he died in an accident.

Investigation has revealed that the gang was additionally concerned in different monetary crimes together with frauds dedicated by faux Aadhar, Revenue Tax Returns (ITRs), PAN playing cards, post-mortem studies and loss of life certificates.

“Till now probe suggests that they have caused loss worth Rs two to three crores to insurance and finance companies,” Mr Singh mentioned.

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