MUMBAI: The metropolis crime department has busted a fake insurance scam and arrested three individuals who allegedly created fake e-mail IDs and offered 1,129 two-wheeler insurance insurance policies in the title of four-wheelers. The scam got here to gentle after the Tata AIG officers lodged a criticism with police. Tata AIG has a tie-up with policybazaar.com for vehicle insurance.
In July 2021, throughout Tata AIG’s inner auditing, the audit group seen that a number of the third-party insurances have been issued in 2020 and 2021 from the market web site. Among them have been 258 insurance policies from Maharashtra and 1,129 insurance policies from throughout India, which had widespread cellular numbers and buyer e-mail IDs. “When they checked further, they were shocked to learn that in many of these insurances, the vehicle type was a two-wheeler while actual vehicle types were four and six wheelers. And it was here the company realised that some fraud has taken place,” mentioned a police official.
Police mentioned that the fraudsters, utilizing fake e-mail IDs, have been filling false info on-line and have been taking cash from varied purchasers for getting insurance for four-wheelers however have been really paying cash for two-wheeler insurances. Police mentioned the fraudsters have siphoned off about Rs 1.53 crore.
“They have not only deceived the Tata AIG company but also various customers who brought policies from them,” mentioned a police officer.
Based on the e-mail IDs and IP areas of the accused, police have arrested Vikesh Krushna Singh, Abdul Razaak Rahman Shaikh and Rajendra Yadav. They have been booked for dishonest, forgery and breach of belief.
In July 2021, throughout Tata AIG’s inner auditing, the audit group seen that a number of the third-party insurances have been issued in 2020 and 2021 from the market web site. Among them have been 258 insurance policies from Maharashtra and 1,129 insurance policies from throughout India, which had widespread cellular numbers and buyer e-mail IDs. “When they checked further, they were shocked to learn that in many of these insurances, the vehicle type was a two-wheeler while actual vehicle types were four and six wheelers. And it was here the company realised that some fraud has taken place,” mentioned a police official.
Police mentioned that the fraudsters, utilizing fake e-mail IDs, have been filling false info on-line and have been taking cash from varied purchasers for getting insurance for four-wheelers however have been really paying cash for two-wheeler insurances. Police mentioned the fraudsters have siphoned off about Rs 1.53 crore.
“They have not only deceived the Tata AIG company but also various customers who brought policies from them,” mentioned a police officer.
Based on the e-mail IDs and IP areas of the accused, police have arrested Vikesh Krushna Singh, Abdul Razaak Rahman Shaikh and Rajendra Yadav. They have been booked for dishonest, forgery and breach of belief.
