Authorities have intensified action against a major insurance fraud network with the seizure of assets worth around ₹11.89 crore linked to the kingpin and two close associates of an interstate fake insurance claims racket involving over ₹100 crore. Acting under the Gangsters Act and after receiving approval from the district magistrate, joint teams of police and revenue officials carried out coordinated operations across Sambhal, Badaun, Gautam Buddh Nagar, and Varanasi to curb organised insurance related financial crime.
Officials said the attached properties include residential houses, commercial units, and other immovable assets. Preliminary investigations indicate that these properties were acquired using proceeds generated through fraudulent insurance claims. Authorities stated that the asset seizure is aimed at breaking the financial backbone of the insurance fraud syndicate and preventing the reuse of illegal earnings for further criminal activities.
Investigators revealed that the group exploited poor, illiterate, and destitute individuals by taking insurance policies in their names, often without informed consent. In several instances, documents of critically ill or deceased persons were misused to secure insurance coverage. The accused allegedly paid the premiums themselves to keep policies active and later filed insurance claims by posing as nominees. Once payouts were received, the money was routed through multiple bank accounts and distributed among members of the network.
The insurance fraud racket was found to be operating across Uttar Pradesh, Uttarakhand, and Jharkhand. Within Uttar Pradesh, cases have emerged in Sambhal, Badaun, Moradabad, Amroha, Bulandshahr, and Varanasi. So far, more than 64 accused have been arrested and sent to jail, while several others remain under investigation. Action under the Gangsters Act has been approved against 25 members, enabling attachment of insurance fraud linked assets. Officials said public notices were issued before sealing properties in Babrala and Varanasi to ensure legal compliance and confirmed that further seizures are likely as more insurance related financial links are uncovered.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
