Insurance firm Bajaj Allianz has lodged an FIR with the Hazratganj police in Lucknow, alleging that homeowners of 21 business 4 and three-wheelers within the state have gotten their autos insured as two-wheelers within the final one month and paid much less premiums.
The firm claimed it suffered big loss amounting to lakhs because of the fraud, which was discovered throughout an audit.
The firm suspects it to be handiwork of an all-India degree gang that makes use of an internet portal for getting autos insured.
The grievance has been filed on behalf of the corporate department supervisor Ravi Shanker Tiwari in Hazratganj.
In his grievance, Tiwari mentioned one Abhishek Pandey was appointed as an agent for Point of Sale on the firm’s satellite tv for pc workplace in Gonda.
“In September 2021, the company came to know that Pandey had issued a two-wheeler liability policy to a commercial four-wheeler owner. This caused a loss to the company of premium meant for a four-wheeler, GST loss to state and Central governments and also to the customer as well,” Tiwari mentioned.
The fraudulent follow by Pandey surfaced following an inner inquiry.
“We were shocked to know that Pandey sold 21 such policies to four-wheeler vehicles of different customers during his nearly one-year stint in the company,” Tiwari alleged.
Hazratganj SHO Abhishek Mishra mentioned based mostly on a grievance, police registered a case of prison breach of belief and forgery towards Pandey and an investigation was underway.
Bajaj Allianz Head Vikas Dave mentioned that the fraud is pan-India, wherein 1.36 lakh 4/three wheelers have been registered as two wheelers inflicting a lack of round Rs 110 crore to the corporate and Rs 20 crore to the federal government as GST.
Dave additional mentioned as per data, 26,000 business 4 wheelers have been registered as two wheelers in Uttar Pradesh inside a yr (October 2021-October 2022), inflicting lack of round Rs 20 crore.
20221024-082005
