Cops busted 10 gang members involved in insurance frauds

A special team of Cyber Crime Police, of Central Crime Station of Hyderabad, busted a gang of 10 members from Delhi and Lucknow for collecting money from innocent public on the pretext of providing huge amounts on the existing and lapsed insurance policies, and cheating them.

Detective Department Joint Commissioner T Prabhakar Rao said in November, a complaint was received by the cyber crime police in which the complainant, a retired assistant sub-inspector, stated that one Aman Varma had called him and said he has sanctioned Rs 18.12 lakh towards the insurance policy the  complainant subscribed earlier with Reliance Company.

The caller told the complainant that he has to become an agent of Indian Value Card, by paying Rs 1.42 lakh to claim his insurance money. Later, three others called him and convinced him to deposit Rs 1.25 lakh, Rs 99,000, Rs 4.48 lakh in various instalments in the bank accounts provided. After depositing over Rs 8 lakh, the complainant realised that he got cheated and approached the police, said the Joint



Commissioner. 

Explaining the modus operandi of the gang, the officer said the absconding accused Prashant Arora, Deepak Arora, Rahul Vimani, Gyaneswar, Smarth Gupta and Piyush, started 10 companies to execute their fraud.

They recruited 200 telecallers and trained them to call and convince the customers to buy coupons of the spurious companies, in order to help the customers claim the money sanctioned in insurance policies. For this, the gang opened 45 bank accounts across the country using fictitious identities, the officer said.

“The teams could manage to freeze Rs 1.5 crore from the accounts in which the accused has deposited money, several victims are yet to be identified,” he said, adding that the prime accused had connected their mobile phones with the CCTV cameras installed on their office premises and learnt about the police raid, and gave a skip.

The police have seized Rs7.3 lakh cash, three laptops, 11 hard disks, 37 mobile phones, four debit cards, one pan card besides 11 registers from the office of the accused in Delhi.