Banks Insurance Firms
Shriram General wins fraud case, MP HC orders sit probe into nexus
Shriram General Insurance Company (SGIC) on Sunday said it has won a fraudulent motor claim case filed against it with the Madhya Pradesh High Court directing the state DGP to set up a Special Investigation Team (SIT) to probe a "nexus between doctors, lawyers and police officials in motor claims cases". The case also exposed a nexus between a hospital, police officials, and lawyers to claim motor vehicle accident insurance money by submitting forged documents, fraudulent certificates and medicine bills, Shriram General Insurance Company said in a statement. The High Court, taking cognisance of discrepancies in the claim documents, ruled that the claim was fraudulent, and ruled in favour of Shriram General Insurance, it said. The case pertains to claimant Rakesh Valtiya, who had sought compensation for injuries suffered in a road accident, the company said. Commenting on the decision of the court, Shriram General Insurance Company Executive Director Ashwani Dhanawat said, "This ...
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