[New Delhi]Insurance Bonus Cheaters Gang Busted
Crime Branch busted a huge racket of insurance fraud that was running under the garb of holiday package services in the name and style of ‘Davis Value Card Private Limited’ and arrested Sumit Verma(32 yrs) of Supertech Pavilion, Sector-34, Noida, UP,
He is one of the directors ofcompany ‘Davis Value Card Private Limited’
The accused persons have cheated many innocent people all over India on the pretext of providing huge amount of bonus/additional growth on investment pertaining to insurance policies of the victims.
The accused persons were operating from their companies in Noida and received the cheated amount in company accounts.
Complainant Atam Prakash Wadhwa r/oMansarovar Garden, Delhi, a retired govt. employee and a senior citizen aged above 80 years had moved a complaint therein alleging that he had received some phone calls wherein the caller informed him that he was entitled to bonus/additional growth on his LIC policies. The alleged callers kept calling the complainant and induced him to deposit money in their company bank accounts. As per their directions, complainant invested money in companies ‘Davis Value CardPvt. Ltd’. and ‘Dreamland Developers’. The amounts were deposited by the complainant through cheques to several bank accounts of the alleged companies but the alleged companies did not pay any bonus/good returns to the complainant.The alleged persons even tried to extract more money from him. During investigation, it was found that the complainanthad paid approx. Rs.77 lac to the alleged companies through cheques from his bank accounts.
As per Joint Comissioner Ravindra Yadav ,the team conducted a raid on the intervening night of 21/22.7.2016 at Supertech Pavilion, Sector-34,Noida and the accused Sumit Verma, director of alleged company ‘Davis ValueCard Private Limited‘ was apprehended. The accused had purchased a premium flatin the above stated society and a luxury Audi Q3 SUV with his share of the cheated amount.
Other co-accused (directors of the alleged companies) are still at large and efforts are being made to nab them.
As per police ,following items are recovered
1. OneAudi Q3 car.
2. Two cheque books.
3. Other incriminating documents.