Gang withdrew unclaimed money from insurance firm by forging documents; 5 held

Delhi Police have arrested five people including two former employees of a leading insurance firm for allegedly cheating 22 policy holders and withdrawing Rs 238 crore that remained with the insurer unclaimed either as surrendered amount or after maturity officials said on WednesdayA senior police official said one of the accused Rohit Kumar Aggarwal 28 who worked with an insurance company as a senior executive had access to the company data Aggarwal used to identify the policy holders whose surrendered and maturity amount remained unclaimed with the company for an unusually long timeHe would give the details of the target policy holders to Sujeet Kumar Mishra 41 who too was an employee of the insurance firm Mishra would pass on the information to Chandan Jain 41 who would give the details to Prem Parkash 37 to open new bank accounts in the name of these policy holders Vikas 30 the fifth accused worked at an Aadhaar Centre and he helped the gang in updating Aadhaar details in the new bank accountsOfficials said the case has exposed the vulnerability of the process of updating personal details at Aadhaar centres for misuseDeputy Commissioner of Police Intelligence Fusion amp Strategic Operations Prashant Gautam said Prakash would lure poor people mostly those from slum clusters near Rana Pratap Bagh and take them to an Aadhaar centre to get their names and addresses changed to the names and addresses of the policy holdersVikas who worked at the Aadhaar centre at SBI Gujranwala Town got these changes updated without taking any relevant documents after taking Rs 10001500 per case Thereafter these people applied for PAN cards and voter cards on the basis of the updated Aadhaar After getting PAN and voter cards their bank accounts were opened Many of these accounts were opened digitally using eAadhaar authentication process Gautam saidHe said Prakash would give cheque or passbooks of the bank accounts displaying the names of the policy holders to Jain who passed on these documents to Aggarwal through MishraAlso Read CMs house saw three incidents of roof collapse BJP diverting attentionAggarwal who at the time was an employee of the insurance firm would process the documentation and send them from his official email Id to the data entry team to initiate the refund processThe refund was received in the new bank accounts opened by Prakash and his associates the DCP saidMost of the amount was then transferred to the bank accounts opened in the name of Rinku Sales whose proprietor was Prakash having the address of Kabir Nagar Rana Pratap Bagh Delhi From these bank accounts the accused would withdraw the amount the official saidThe bank accounts of Rinku Sales were operated by Jain from whose possession the SIM card linked with the account number debit cards and cheque books have been recovered Gautam saidPolice said they exposed the whole operation by the five men after receiving a complaint by Insurance company Corporation which alleged nearly Rs 51 lakh related to surrendered and maturity amount of two of its policy holders had been fraudulently received by unknown persons The company later found that one of its policy holders had died on March 13 2018 and no request for withdrawal of money was made on his behalfAfter examining the documents and information shared by the company and it was revealed that nearly Rs 238 crore iquest from 37 policies of 22 policy holders iquest was refunded fraudulently police saidGautam said the accused opened accounts in several banks in the name of policy holders Many of these accounts were opened digitally using the eAadhaar authentication process the official addedThe DCP said they first arrested Prem PrakashPolice first tried to locate the address of Rinku Sales but could not find it at the given Kabir Nagar address Then the team conducted comprehensive analysis and finally managed to identify the address of Prem Prakash at Chandan Vihar Sant Nagar Burari from where he was apprehended Gautam saidSubsequently the remaining accused were arrested he addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever