Hyderabad: Hyderabad Police busted a fake insurance racket run in the name of Emerick Consumer Products and arrested 10 of its members from Delhi and Lucknow, who cheated people on the pretext of claiming huge amounts on existing and lapsed insurance policies.
Cops seized property worth around Rs 10 lakh -- including Rs 7.3 lakh in cash, 3 laptops, 11 hard discs, 37 mobile phones and 11 registers -- from the fake company’s base in Delhi. Six members of the gang are absconding.
According to police, the absconding accused Prashanth Arora, Deepak Arora, Rahul Vimani, Gyaneshwar, Samarth Gupta and Piyush floated several fake companies to cheat people.
They set up call centers in Delhi and recruited unemployed youths as tele-callers. They started another company Emerick Consumer Products Pvt Ltd, with one Uday Mahajan as its vice president, Rakesh Kumar Mishra as the HR manager, Sardhul Sidhu and Rajiv Varma as managers, Rajiv Singh as centre head, Dibar Kaintura as team manager and Saroj Kumar as team coordinator.
They are now under arrest. These fake companies appointed nearly 200 tele-callers. The gang members collected mobile numbers from various parts of the country and gave them to the tele-callers.
“The tele-caller calls a random number and tells that his policy amount has been sanctioned. To claim the amount, the depositor is advised to pay a deposit amount and become an agent of Indian Value Card,” said Hyderabad joint police commissioner T. Prabhaker.
Once the victim is trapped, they ask them to put the deposit amount in one of the fake companies’ accounts. Later, they will lure the victims to take more new policies and assure them of high returns. After extracting the maximum from the victim, they stop attending their calls and dispose of the SIM card.
Based on a complaint from a retired cop from Hyderabad Md Liyaqat Ali Khan, police started an investigation and arrested the gang members from Delhi and Lucknow on December 24. They were shifted to Hyderabad on a transit warrant and produced before the court. “We filed a petition for their custody for more investigations to find out the number of victims cheated by them and the amount of money cheated,” added Prabhaker.
