Month on, two arrested for Rs 3 lakh fraud with Chandigarh resident

Two persons have been arrested for their alleged involvement in a fraudulent scheme targeting lapsed insurance policyholders.

The accused have been identified as Sanjay Shrivastava (40), a resident of Ghaziabad, Uttar Pradesh, and Gaurav (25), a resident of Delhi.

The police arrested them in a complaint filed by Gurbir Singh Deol, a city resident, who alleged that he was duped of Rs 3 lakh by persons impersonating officials of Bajaj Allianz Insurance Company and falsely promising to revive his lapsed insurance policy. A case under Sections 319(2), 318(4), 336(3), 338, 340(2) and 61(2) of the Bharatiya Nyaya Sanhita was registered on August 22 and an investigation was initiated into it.

Following technical analysis of mobile numbers and bank accounts, the police traced the accused to Noida, Ghaziabad, where a raid was conducted on September 19 leading to their arrest.

The police recovered various items, including multiple mobile phones, SIM cards, ATM cards and a PAN card, from the accused.

Investigations revealed that Sanjay had sold several bank accounts to Gaurav for Rs 2,000 each, which were subsequently misused for fraudulent transactions. The police claimed that the accused admitted that these accounts and SIM cards were supplied to a wider network involved in cybercrime.

The police said the mastermind of the fraud was still at large. Officials stated that fraudsters often lured victims with promises of bonus, high returns or policy revival, only to siphon money into bogus accounts. They emphasised the importance of public vigilance in curbing such crimes.