Ambala: Employees cheated Reliance Nippon Life Insurance of millions by resetting the date of the policy.

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Ambala: Employees cheated Reliance Nippon Life Insurance of millions by resetting the date of the policy.

Symbolic image.

Symbolic image.

Ambala: Employees of Reliance Nippon Life Insurance colluded to defraud the company of Rs 1.37 crore. After the employees’ fraud came to light, the police have now registered a case of conspiracy and breach of trust following a complaint from the branch manager. The defendants are said to include four employees, including a customer service representative. The police have registered a case and initiated an investigation into the matter.

The insurance company’s branch manager, Richa Sharma, alleged that employee Ishaan Bakshi, in connivance with his colleagues Bhupendra Kumar and Harindra Prajapati, fraudulently defrauded the company’s policy worth crores of rupees. The defendant betrayed the company. Ishaan worked as a Customer Care Executive at Bakshi branch. The company’s investigation revealed that Ishaan Bakshi continually improperly converted stale funds in the unit-linked life insurance policies that were in the names of him and his wife Pooja Sharma. The fund value of the 8 fund linked insurance policy has been increased to 23 lakh 95 thousand 989. Of this, 3 lakh 70,766 were also deducted. When irregularities were discovered, the company launched an investigation. Investigation revealed that Ishaan Bakshi, in connivance with Bhupendra Kumar, Kumkum and Harindra Prajapati of Yamuna Nagar branch, illegally increased the fund value of the invested amount by illegally converting stale funds to the policies of his family and other acquaintances. We stayed.

The defendant had begun retroactively converting the fund. The accused had sent Pawan Sharma to RS Pura branch through this system. To ensure that no one suspects financial fraud, Ishaan Bakshi and Bhupinder also forged the customer’s fund switching application form. Uploaded it into the system and destroyed the original copy. The complainant alleged that Ishaan Bakshi lured him into his trap. By subscribing to several funds in his own policy by forging signatures without his knowledge, the fund value of the policy was falsely inflated to approximately Rs 1.31 lakh between May 6, 2022 and December 21, 2022. The investigation has revealed that the accused have so far committed a fraud worth Rs 1.37 crore in collusion. Now, Ambala Cantonment police have registered a case against Ishaan Bakshi along with Bhupinder Kumar, Kumkum Vaishnav and Harindra Prajapati in several sections of the matter.

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