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11 held for selling fake vehicle insurance policies

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11 held for selling fake vehicle insurance policies

The Particular Operations Workforce, Shamshabad Zone apprehended 11 folks for his or her alleged involvement in a pretend vehicular insurance coverage rip-off and seized from their possession 1,125 pretend insurance coverage coverage paperwork, computer systems, printers, cellphones and ₹57,000 in money.

Police have been appearing on a criticism filed by Guruvardhan Perla, Space Supervisor of Reliance Common Insurance coverage.

The accused have been recognized as G. Ramesh (30), T. Sairam (31), G. Govardhan (40), G. Ramesh (40), G. Raju (36), A. Praveen (23), G. Sudheer kumar (26), G. Krishna (30), M. Shankar (25), Jeethender Kushwa (35), and Ravi Kadigalla (29). 9 of the accused individuals personal air pollution checking vans.

Explaining the modus operandi, police mentioned that the accused used to park their air pollution checking vans close to RTO places of work and highways. After automobile homeowners get them checked, the accused then persuade the victims to purchase insurance coverage insurance policies and concern bonds instantly. The accused used to allegedly tie-up with RTO brokers, promising them a fee. Via these brokers, they allegedly offered the pretend insurance coverage insurance policies within the identify of Reliance Common Insurance coverage, Kotak Common Insurance coverage, HDFC Ergo Common Insurance coverage, IFFCO-Tokio Common Insurance coverage, Chola MS Common Insurance coverage, Future Generali Insurance coverage, Shriram Common Insurance coverage and Royal Sunderam Common Insurance coverage for as much as ₹10,000.

The accused used to allegedly work collectively and are concerned in three separate instances on the RGIA Police Station and Medchal Police Station.

Police have suggested the general public to verify the authorisation of the insurance coverage agent earlier than shopping for insurance policies. They mentioned that insurance coverage coverage bonds will probably be issued to prospects after a minimal of 12 hours and never instantly. These intentionally shopping for such pretend insurance policies can be booked underneath part 420 of the India Penal Code.

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