The Special Judge for CBI, Indore, on Monday sentenced former New India Assurance Co ltd Branch Manager Vijay Kumar Shrivas to three years’ RI and fine of Rs 6,00,000, in default of payment of fine further RI for 1 year.
The CBI Bhopal Branch had registered case number RC0082013A0004 under sections 420, 465, 467, 468, 471 IPC and13 (2) r/w 13(1) (d) of PC Act, 1988 on July 16, 2013, on the basis of complaint lodged by Chief Regional Manager, New India Assurance Company, Regional Office, Mandsaur Deepak Bhardwaj.
It was alleged in the complaint that Vijay Kumar Shrivas while posted and functioning as Branch Manager of New India, Assurance Company limited in Mandsaur, fraudulently and dishonestly sanctioned and settled 68 cattle insurance claims by making and using false documents as genuine. Thereby, he caused a wrongful loss to the tune of Rs. 16,67,750 and corresponding gain to himself.
During investigation, 03 more instances have been emerged in which Shriwas adopted similar modus operandi to defraud New India Assurance Co ltd Hence, the defrauded amount was enhanced to the tune of Rs 17,39,750.
After completion of investigation, a charge sheet was filed in the Court of Special Judge for CBI Cases, Indore on December 12, 2013 against Shriwas U/s 420, 465, 467, 468, 471 IPC and13 (2) r/w 13(1) (d) of PC Act, 1988.
That Special Judge for CBI Cases, Indore has convicted the accused person vide his order dated December 14, 2015 and awarded three year RI and fine of Rs. 6,00,000, in default of payment of fine and further RI of 01 Year.