CBI REGISTERS A CASE AGAINST DIRECTORS & PROPRIETOR OF A PRIVATE FIRM AND OTHERS FOR FRAUDULENTLY CAUSING LOSS TO INSURANCE COMPANIES

Press Release
New Delhi , 27.02.2012

            The Central Bureau of Investigation has registered a case against Directors/Proprietor of two Sonepat based and one Daman based company on the allegations that during the year 2005 to 2009 they in pursuance of a criminal conspiracy defrauded Delhi branches of United India Insurance Co; New India Insurance Co. and Oriental Insurance Co., for lodging exorbitant claims against the insurance cover from these insurance companies regarding incidents of fire in their factory premises. Such claims worth about Rs. 15 crores were lodged on 5 occasions against which the insurance companies have already paid about Rs. 6 crores. The claims were lodged in respect of the stocks destroyed, which purportedly had been shown in claims to have been purchased on the basis of fake/forged bills. Exorbitant claims were made in respect of repair of the damaged electrical installations including motors. Sale of the finished products was also projected on the basis of fake/forged bills and Motor Transport Receipts.

 

            Searches were conducted at the premises of accused persons/companies at Delhi, Kharkhoda (Sonepat). During searches documents pertaining to purhase of material from fictitious firms which were projected to have been destroyed during fire were recovered. In addition, documents pertaining to fake sales by the said firms & fake invoices and blank letter head pad of the fake firms have also been recovered.

 

            Further investigation is continuing.

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