Mumbai Police bust inter-state gang selling fake e-insurance policies

Mumbai Police bust inter-state gang selling fake e-insurance policies
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Financial Analyst Intern
Publish Date25 November 2021
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The Mumbai Cyber Police have busted an inter-state gang allegedly selling fake online life insurance policies of various prominent companies and cheating people of huge amounts, an official said on Tuesday.

According to a complaint by an aggrieved person, during the lockdown period between June 2020-March 2021, some persons claiming to be representatives of insurance companies contacted him and lured him with attractive offers.

The tentacles of the fraud are spread across Maharashtra, Telangana, Uttar Pradesh, Haryana and Delhi states. The accused are Bani Singh and Vijay Mehta of Bharti AXA insurance and Deepak Dube, Sneha and Pooja of PNB MetLife insurance.Till date, the police have arrested six persons and sealed two accounts with Kotak Mahindra Bank and ICICI Bank, seized at least five mobile phone and several fake SIM cards.

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