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What TV doesn't, print can't; we deliver.
NEW DELHI: The IFSO Unit’s Special Cell busted an interstate conspiracy of fraudsters who were scamming innocent people by posing as insurance policyholders and retrieving the money from expired or blocked policies.
IFSO’s Special Cell got a complaint from a person alleging that an unidentified organization defrauded him out of Rs 2.80 crore over the course of 7-8 years under the guise of insurance policies and recovering the money locked up in the insurance policies.
S S Kumar and A Nayak residents of Ghaziabad have been arrested under this case.
“During the course of the investigation, it was found that the accused persons had used fake SIM cards for tele calling and the fake accounts for receiving money and money laundering,” the official statement said.
The official statement also added, “Racket is found to be spread across many states and operating in many tiers.”
During sustained interrogation, it was disclosed that Kumar and Nayak have been engaged in cheating people on the pretext of insurance policy benefits since 2014.
“They further disclosed that they operate in tiers and usually do not meet with other members of syndicates. They procure fake SIM cards to communicate and for tele-calling and fake accounts for receiving the money and further rotation of money,” the official statement said.
So far, they have duped more than 500 people and had cheated to the tune of more than Rs 12 Crores. 30 complainants have been identified and linked with the alleged accused persons and accounts.
