Ex-LIC manager, four others get jail in fraud case

Tribune News Service

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Mohali, April 13

A CBI special court on Friday sentenced a former branch manager of the LIC to five-year jail and imposed a fine of Rs 81,000 in a fraud case.The convict, Suresh Kumar Lohan, was taken to the Patiala jail after the verdict was announced.

Suresh’s wife Kamla Lohan, his brother-in-law Rajpal, LIC agent Sanjay Thingra and another accused, Hansraj, have been given three-year imprisonment.

Suresh Kumar Lohan, who was posted as the branch manager, LIC, in Nabha from 2004-2006, had duped some LIC policy holders by deleting their payment details from the office system and generated payment cheques using the same policies, which were then encashed in the name of other convicts.

The fraud to the tune of Rs 88 lakh was noticed during an audit of the branch, in which it was found that the system records had been tampered with.