Kota police busts interstate gang of insurance fraudsters, 3 arrested

The gang defrauded many people by offering them loans on their insurance accounts.

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December 28, 2017, 3:50 pm


Representative Image.

Jaipur: Kota police on Thursday arrested three men, members of an interstate gang, for duping people by posing as bogus insurance company employees and offering loans on insurance accounts. The victims of the gang include a Mumbai-based property businessman and several others from Uttar Pradesh and Rajasthan.

The accused were identified as Deepak Babu (27), Ajay Baghel (26) and Chandrabhan Singh alias Rishi. All of them are residents of Uttar Pradesh.

The accused used to befriend girls and make victims deposit money in their bank accounts to avoid detection by the police.

The fraud came to light when one Abdul Raheem Khan, a native of Vigyan Nagar in Kota, registered an FIR against the gang with Vigyan Nagar police station recently.

SP, Kota (city) Anshuman Bhomia said that Khan received a call from a member of the gang who offered to get a loan of Rs 2.5 crore sanctioned on the insurance policy of the victim.

“Khan deposited several lakhs rupees in the bank account of fraudsters in the name of processing fee and other charges. After registering the FIR, we started an investigation and collected details of bank accounts and mobile numbers,” said the officer.

Police teams were rushed to Mathura, Noida and several other places in Uttar Pradesh for investigation.

“The criminals got wind of the police probe and even offered the victim to return his Rs 15 lakh. Three members of this gang were arrested,” said the officer.

According to the SP, the gang members also defrauded Ashwini Gungal – a native of Mumbai – of Rs 15 lakh, Ramesh Chand of Rs 10 lakh, Rakesh Sharma of Rs 13 lakh, Leena Choudhary of Rs 3 lakh and Jitendra of Rs 1 lakh. Ramesh, Rakesh, Leena and Jitendra are residents of Bijnor, Meerut, Agra and Meerut respectively.

First published: December 28, 2017