Former Employees Accused of Rs. 2.23 Crore Insurance Fraud in Pune

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Viman Nagar, 7th June 2024: The Pune police are investigating a complaint filed by a 39-year-old branch manager of a private insurance company, alleging that four former employees forged documents in the name of 97 claimants and duped the firm by claiming insurance worth over Rs. 2.23 crore.


The fraud allegedly occurred between March 2020 and December 2021. The insurance firm manager initially filed a complaint application with Vimantal police station, which led to the registration of an FIR on Wednesday, relating to charges of cheating and forgery.


Inspector (Crime) Sarjerao Kumbhar stated on Thursday, “After the outbreak of the pandemic, the four officials responsible for sanctioning insurance claims received a large number of applications from claimants seeking reimbursement for money spent on COVID-19 and other medical treatments.”


Kumbhar added, “The suspects edited the names of claimants on medical documents, replacing them with the names of their own relatives and friends, and then sanctioned the claims to receive the insurance. They transferred over Rs. 2.23 crore into their own bank accounts, as per the complaint.”


The fraud was uncovered after the insurance company conducted an audit of the claims sanctioned and disbursed, verifying the documents.