A gang of fake insurance policy agents was arrested by the Rachakonda cyber crime officials on Thursday.
Under the guise of huge returns on insurance policies, the fraudsters duped a 72-year-old man out of Rs 1.60 crores.
Mursheed Ansari, 32, Vikas Singh, 28, Tarun Sharma, 35, Manish Tanger, 34, and Lalith Kumar, 27, residents of Ghaziabad, Uttar Pradesh were arrested with section 551/2022 (Arising out of impugned final judgment) of Cyber Crime PS, Rachakonda, imposed on them.
Net cash worth Rs 1,50,000 along with 7 mobile phones, 7 sim cards, 1 HP laptop, 1 hard disk, 1 SSD card, 8 ATM cards, 4 bank passbooks and some other case-related documents were seized from their possession.
According to the police, the victim, a retired employee, received a call from someone impersonating an insurance policy agent who asked the victim to introduce more people to policies in exchange for large payouts.
As a result, the victim convinced 12 of his friends and family members to take up insurance, after which the gang lured the victim by showing him rosy pictures of DDs worth Rs 2 crores, Rs 5 crores, and Rs 4 crores, and collected Rs 1.60 crores. He reasoned that they would receive 18% GST for the span of six years.
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A case was registered based on the victim’s report, and the accused was arrested by a special team at Ghaziabad. The accused were brought to Hyderabad on transit remand to appear in court for judicial custody.
Modus Operandi by the cops revealed that the accused used to work in a fake call centre and learned how to defraud insurance policyholders.
Later, they decided to open their own call centre to do the same thing, and they hired three others as tele-callers for providing their bank account for withdrawals through ATMs and banks.
The fraudsters obtained the insurance policy holder information from vendors, as well as the SIM cards and bank accounts of others through their associates.
They began contacting policyholders with false promises of higher returns on existing policies and defrauded many people across India.
To report any cybercrime, citizens should call the helpline number 1930 or register a case on the website.
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