Three arrested at Rs. 1.5 crore car insurance scam
Based on the email ids and IP addresses of the defendants, the police arrested the trio identified as Vikesh Krushna Singh, Abdul Razaak Rahman Shaikh and Rajendra Yadav. They were all arrested for cheating, forgery and breach of trust.
Bengaluru Online Scam: Posing as representatives of an insurance company, cybercriminals defraud 2 policyholders of Rs 93,000,000
Upon closer inspection, they were shocked to learn that in many of these insurances the vehicle type was a two-wheeler when the actual vehicle types were four and six wheelers. They realized that some sort of scam was going on.
Police say scammers using fake email ids were filling in fake information online and taking money from various customers buying insurance for the four-wheelers, but actually paying for insurance for the insurance of the two -wheels. This way, the fraudsters had so far managed to siphon off more than Rs. 1.53 crore.
Police are investigating whether there were more people involved in the scam.