Mumbai: City Police have arrested a resident of the 28-year-old Thane for allegedly deceiving a 50-year-old employee from a bank nationalized RS 90,000 promising to return Rs 2.9 lakh, he has invested in a life insurance policy.
Chats WhatsApp accused revealed that he had also contacted more than a hundred other policy holders from various insurance companies with a refund, police said.
The police warned that fraud involving the submission of insurance policies before the locked period ended up being increased.
Many need lumpsum funds to be victims of such fraud.
The defendant, Suraj Waghmare, allegedly called for a complainant who posed as an employee of a well-known insurance company and had provided a false account number from the company to deposit “processing fees”.
Bank employees transferred Rs 90,000 in various transactions into the account until he realized that he had been cheated.
The complainant approached D B police on October 10 and submitted FIR dismissal to cheat.
The police also requested part of the IT law.
A team led by Senior Inspector Pradip Khude, Pi King of Bidkar, Fire Rajaram Pol, Psi Pradip Patil and staff members Suraj Dahigude and Rambhau Souble began working on this case.
The complainant told the police that he had received a call from someone who introduced himself as an insurance company executive from whom he had taken the policy.
“Even though he had regularly pay a premium, the caller told him that they had not received the last installment.
He then asked him whether he was interested in submitting his policy and get a refund,” said a police officer.
The woman, who has a total of three policies, agreed.
Based on the bank account number and its telephone number, the police arrested Waghmare, a resident of Wagle Estate, Thane.
“The Mumbai Court has returned it in police custody,” a police officer said.
“Waghmare, who dropped out of school after SSC, previously worked in an insurance company for a year and knew how they functioned,” said a police officer.
In chat, he pretended to be an executive of various insurance companies.
The police have found a transaction of more than Rs 7.5 lakh in his account.