Juvenile duped elderly man of Rs 6 crore posing as insurance agent

New Delhi: A juvenile posed as an insurance company agent and duped an 86-year-old man of Rs 6 crore by transferring money from his accounts into a bank account opened with fake credentials.

He was apprehended by officers of Economic Offences Wing (EOW), and during the probe it was found that the teenager, along with a few others, had set up their own company using the fake documents through which they would dupe people posing as insurance agents.

The juvenile had approached the victim offering insurance policies and in turn managed to get the bank details of the victim and transferred the money. Cops had already caught the rest of his gang members, while the juvenile was evading them. The accused duped the elderly man by claiming that his insurance money had been moved into different accounts and he would help in claiming it.

“The 17-year-old boy, a resident of central Delhi, was a school drop-out. Police said that he had opened an account at a private bank in the name of Ritwick Bansal and would use the ATM card to withdraw money for his gang members,” said OP Mishra, joint commissioner of police, EOW.

Investigating officers said that the gang members had opened 35 accounts in different parts of the country. Cops were trying to find out how many people had been duped by the gang so far.

Source: The Times of India