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Three held for selling fake vehicle insurance policies

Press Trust of India  |  Mumbai 

Three men have been arrested for allegedly several two-wheeler owners in the city by selling fake policies to them, a senior police said Wednesday.

A preliminary probe by the police has revealed that the accused have so far sold over 800 in the city, the said.

Based on a complaint lodged by one of the victims in the case, a police team raided the office of 'One Point Solutions Insurance' at Lower Parel in central on Tuesday.

While two accused- (25) and Innayat Bodraker (39), top office-bearers One Point Solutions, were arrested from Belgaum in on Tuesday, its (28) was held from on the same day, he said.

"During the raid, police seized 306 fake insurance policies of different companies and some other incriminating material," the said.

"During the investigation, it came to light that Sutar and Bodraker were based in and operating the business from there. Accordingly, a police team was sent to the southern state and a raid was conducted at the company's office in Mumbai," he said.

A case under IPC sections 420 (cheating), 465 (forgery), 467 (forgery of valuable security, will, etc) and others has been registered at station.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 19:25 IST