New Delhi: Delhi Police have captured the four-economic violator gang suspected of being involved in the case of insurance fraud targeting veteran military officials.
This group deceives veterans on behalf of facilitating extraordinary insurance release from maturity and bonuses.
Fraudsters demand money from targeted people.
According to the police, the target of 54 officers of the retired army, which, 13 allegedly dropped the prey of the fraudsters and together crores the cough rupee.
Four arrests have been identified as Raj Rajput (36), Prabhat Kumar (33), RAM Naresh (52) and RAM Sagar (28).
The group is involved in various other fraud cases and has deceived people in several states, Delhi police said.
“Fraudsters call veterans to release several monetary benefits for them from AGIF (Army Group Insurance Fund).
They make phone calls to retirees; then promise they are a large amount of money in the range of Rs 3-4.
Lakh and, in turn, demands A very small amount of Rs 30,000-40,000 in advance on behalf of processing fees for releasing funds, “additional police commissioners (economic wing), RK Singh.
Singh further added, “One of the victims of Colonel GM Khan from Service Corps pays Rs 1.27 Crore for these fraudsters from his account to date In the bank.
Account according to the instructions of this cheat.
“Police said that more than 50 bank accounts were analyzed in addition to verifying all available addresses from account holders and telephone numbers used by economic violators.
“The investigation has revealed that a bank account where the number of victims was credited opened by accusing RAM Naresh and RAM Sagar in the names of various companies at the rented address.
The property owner has no instructions on these offenders.
It was charated the amount pulled with cash immediately through an ATM Or check.
An analysis of bank accounts revealed that accusing Prabhat Kumar withdrawing cash through self-examination, “Singh added.
Police Delhi has registered a case under the 420, 120-B section from the Indian criminal code on September 17, 2019 and is looking for this fraudster.