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2 dupe people by promising huge dividend on insurance policies

With the arrest of two persons, the Delhi Police Crime Branch has busted a gang of cheats allegedly involved in an insurance scam and duping a former registrar of Jammu University of Rs 41 lakh. The accused persons had duped many across India on the pretext of providing huge dividend on insurance policies, police said.

According to the police, the arrested have been identified as Satish Kumar (24) and Suraj Singh (23). The accused allegedly opened several bank accounts under the name of various firms on fake IDs so that victims could deposit the money there. They allegedly used to withdraw the amount from different ATMs across India.

The accused procured the data of the victims’ insurance policy, including their contact numbers, during their job in call centers related to an insurance firm. During telecalling, they used to collect the requisite data. Thereafter, they used to call the victims and lured them to deposit money in the form of refundable income tax in the bank accounts. Once the victim deposited the money, the accused allegedly induced him by saying that his dividend on the insurance policy had increased, hence he had to deposit more income tax. First, they introduced themselves as officials of an insurance firm and later as officers of RBI to build pressure on victims to deposit the next installment.

The police said all bank accounts, in which the amount was deposited by the victims, were opened in the name of different companies on fake identities. SIM cards of various mobile operators, also procured on fake identities, have also been recovered.
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