Fake insurance racket busted, 11 held

Hyderabad: A fake vehicle insurance racket was busted and 11 persons, including an insurance agent, have been arrested for allegedly issuing fake insurance polices to motorists. Cyberabad police have seized 1,125 fake insurance certificates from their possession.

Addressing a press conference on Tuesday, Cyberabad police commissioner VC Sajjanar said 11 persons, including owners of mobile pollution testing vehicles —G Ramesh, G Govardhan, G Ramesh, G Raju, A Praveen, G Sudheer Kumar, G Krishna, M Shankar, Jeethender Kushwa, K Ravi— T Sairam, an insurance agent and car driver K Ravi, were arrested from diffeent locations in the city. The accused could execute their fraud as they were aware that integration of insurance policies was not done with RTA information system.

To issue a fake insurance policy, the accused charged Rs 1,000-Rs 2,000 for two-wheeler, Rs 5,000 for car and Rs 10,000 for goods vehicles. For availing RTA services like vehicle registration, transfer of vehicle, permit and others, it is mandatory for vehicle owners to have valid insurance.

``Sairam, who previously worked in different insurance companies as sales executive, installed a software program on his mobile phone to prepare fake insurance policies and sold them to other accused, who from their pollution testing centres generated insurance documents and sold it to customers,’’ the CP said.

RTA officials blindly accepted fake certificates and extended different services. In the past, Sudheer Kumar was arrested in Karnataka after a person involved in an accident case tried to claim money, but he was unaware that he was in possession of a fake insurance policy.

Source: The Times of India

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