Cyberabad cops bust fake insurance racket, arrest 11
The Cyberabad police busted a fake insurance racket on 5 December and arrested 11 persons and seized 1,125 fake insurance policies and cash worth Rs. 57,000.
By Newsmeter Network Published on 5 Jan 2021 11:55 AM GMT
Hyderabad: The Cyberabad police busted a fake insurance racket on 5 December and arrested 11 persons and seized 1,125 fake insurance policies and cash worth Rs. 57,000.
The cops were acting on a complaint filed by Guruvardhan Perla, the area manager of Reliance General Insurance, regarding fake vehicle insurance policies.
During investigations, the special operation team, Shamshabad zone, found that a group of people had created fake vehicle insurance policies in the name of Reliance General Insurance, Kotak General Insurance, HDFC ERGO General Insurance, IFFCO-TOKIP General Insurance, Chola MS General Insurance, Future General insurance, Shreeram General Insurance, and Royal Sundaram general insurance. They had sold the policies to needy people for huge sums.
The police arrested G. Ramesh and G. Govardhan, pollution vehicle owners, insurance agent T. Sairam, G. Ramesh, G. Raju, A. Praveen, G. Sudheer Kumar, G. Krishna, M. Shankar, Jeethender Kushwa, and Ravi Kadigalla. They were booked under various sections of the IPC.
The accused persons used to operate pollution testing vehicles on highways and near RTO offices. Whenever a vehicle came for pollution testing, they would inquire with the vehicle owners about insurance policies. If they did not have one, the accused persons would convince them to buy vehicle insurance. They would then issue the insurance bond.
They also targeted people at RTO offices where they had ties with some RTO agents. In return for a commission, the agents put them in touch with vehicle owners. The accused then sold vehicle insurance policies to them for Rs. 5,000-10,000.
The Cyberabad police have issued an advisory and advised people to check if the agent/agency is authorised before taking insurance policies. "Insurance policy bond will be obtained after a minimum period of 12 hours. If anyone gives it instantly, please check with the insurance company, as it will be fake," the advisory read.
The police also said that insurance policies are delivered by post only and that pollution control vehicles have no authorisation to issue insurance policies. "If someone knowingly takes fake insurance policies, they are also liable to be booked under a cheating case. Due to fake vehicle insurance, injured or deceased people will not get any insurance nor for repairs of the vehicles," it further said.
