Two arrested for selling bogus insurance to senior citizens: Delhi Police

In the name of old age pension schemes the accused would suggest several fake plans and pitch it as a way to avoid blocking of the original policy, some would give them account numbers to deposit money.

Written by Alok Singh | New Delhi | Published:October 16, 2016 2:29 am
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The Crime Branch of Delhi Police has arrested two persons for allegedly cheating senior citizens by selling them bogus insurance policies after having made them invest in genuine policies. Both the accused ran call centres in Delhi through which they contacted their targets, said a police officer.

Police said the accused would get people to invest in genuine insurance policies, but would later inform them that there were problems and their policies may be blocked. Then the accused would suggest several fake plans in the name of old age pension schemes and pitch it as a way to avoid blocking of the original policy. Some people would fall into the trap and the accused would give them account numbers to deposit money, police added.

“As of now we have identified 12 people who have been cheated in this manner,” said a police officer. “The accused have targeted people in Delhi, Rajasthan and West Bengal,” the officer added.

Police identified the accused as Rahul Verma (32) and Amit Sharma (28). They were arrested following a complaint lodged by Insurance Regulatory and Development Authority (IRDA), said police.

The complaint had been lodged a few months ago, police added. Police suspect Verma, who hails from Lucknow, has been running the racket since 2011 in Delhi. Sharma, a resident of Dabri, used to work in Verma’s call centres in Rajouri Garden and Nawada as the team leader, said sources. Verma was arrested on October 4 from Lucknow.

After questioning him, police arrested Sharma, the sources added. DCP Bhisham Singh confirmed the arrests. A police officer said the accused often targeted senior citizens staying away from their children. Police expect more people to be named as accused as investigation progresses.

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