Police busts racket cheating people on insurance policies

With the arrest of three persons, including a woman, Delhi Police today claimed to have busted a pan India racket which allegedly used to cheat people on the pretext of huge bonus on insurance polices.
The three accused have been identified as Vandana Dass (23), a native of Assam who is pursuing BA in correspondence from University of Delhi (DU), Vishal Mishra (20), a resident of Delhi who is pursuing B.Com in correspondence from DU, and Aniket Mishra (27), a resident of Delhi, police said.
The racket came under the scanner of the Crime Branch after they duped a 76-year-old Dwarka resident to the tune of around Rs 22 lakh in late 2015. Efforts are on to nab the other accused involved in the racket, Joint Commissioner of Police (Crime) Ravindra Yadav said.

"During investigation, it emerged that all the SIM cards used in the commission of the crime and the bank accounts in which the cheated amount were deposited were procured on fake identities," said Yadav.
According to the police, all three accused had experience in working for call centres earlier, which were involved in similar fraud.
In April 2014, a duo identified as Anik Verma and Ram Ahirwal floated their own company to allegedly commit insurance fraud. The duo were senior to Vandana, Vishal and Aniket at a call centre earlier. The three accused were soon employed in the new company by the duo.

"Mobile phone and SIM card used for committing offence has been recovered from the possession of accused persons along with a diary in which accused used to maintain record of victims," Yadav said.

The racket used to obtain all details about insurance policies of their targets apart from their contact numbers, during their job in call centers related to insurance companies earlier, police said.
They started inducing customers to deposit money in the form of refundable income tax in bank accounts procured on fake identity. Once the victim deposited the money following their instructions, they would further induce them on the pretext of dividend on his insurance policy and demanded advance income tax, said police.

First they introduced themselves as officials of insurance company and later they started introducing themselves as RBI officials to pressurise victims to deposit the next installment by changing and modulating their voices, police added.