New Delhi, September 13
The Central Bureau of Investigation (CBI) booked 13 accused and 11 private persons in connection with insurance fraud reported by Oriental Insurance company Ltd.
The CBI has received a complaint lodged by Regional Manager, against Sr. Divisional Manager OIC regarding the alleged fraud.
As per the details, It was alleged that during year 2022, the accused persons entered a criminal conspiracy among themselves and in pursuance thereof, proprietors of the firms fraudulently claimed insurance amounts from the OIC Ltd., Satna in connivance with others and thereby caused a wrongful loss of Rs. 4 crores to the Oriental Insurance Company Ltd. and corresponding wrongful gain to themselves.
The accused proprietors of the seven firms (Tendu Leave Trader firms) got insured the stock of Tendu Leaves (Bidi Leaves) from Oriental Insurance Company Ltd, Satna under 14 Policies in May 2022 and the Stock were kept in a Godown at Village Ahirgaon, Satna District, which were allegedly burnt by fire. The Godown allegedly had no electricity connection and that the alleged fire was man-made. It was also alleged that FIR and Panchnama of the local police in this regard were ignored by the Surveyor, Investigator and the officials of the OIC Ltd for the purpose.
The firms, allegedly, produced bogus Trading Accounts for inflated Closing Stock with the help of Chartered Accountants, which were not verified by the Surveyor, Investigator and the officials of the OIC Ltd .They also ignored the fact that no GST Returns were filed by the firms. It was also alleged that Tendu Leaves were sold by MP Forest Department to M/s P.C Trading Company (alleged supplier of Tendu Leaves to trading firms)and not to other seven accused firms
The officials added that the Development Officer, brought the claim amount within the financial authority of Sr Divisional Manager, by splitting 07 Insurance Policy into 14 policies (two policies each for 07 firms) against the rules and regulations of OIC Ltd and thereby created conductive circumstances to approve the claims without referring to higher authorities. Subsequently, the firms filed 14 claims in 14 Insurance Policies which were settled from OIC Ltd, Satna.
The accused Sr Divisional Manager, allegedly got survey and Investigation done by respective accused who submitted 14 Survey Reports and 14 Investigation Reports by inflating the loss sustained in Fire accident. On the basis of alleged inflated Survey Reports/Investigation Reports, accused Sr Divisional Manager, fraudulently settled the claims in favour of these firms.
The agency then conducted at three locations including residential and official premises of the accused at Indore, Satna and Jabalpur of Madhya Pradesh that led to recovery of various incriminating documents.
