In an early morning swoop, sleuths of the Central Bureau of Investigation (CBI) here on Thursday raided premises of United Insurance of India Company officials and agents in connection with an alleged fake mediclaim policies scam and stumbled upon incriminating documents.
CBI sources said officials of the United India Insurance Company limited (UIIC) in connivance with some agents secured medi-claim policies under fictitious names and allegedly redeemed them thus defrauding the company of Rs 12 lakh.
On Thursday morning, separate teams of the CBI comprising 150 officials carried out simultaneous raids at 16 places in the city under the leadership of the CBI SP Yatindra Kumar. Among the places which were raided included residence of a retired Oriental Insurance official Harshad Shah, Meicare hospital, Saket, Medisafe Healthcare company and the residences of six officials of the State-run insurer and as many agents.
A large number of documents were recovered from the premises during the raids which were conducted on the basis of a complaint against alleged wrongdoings. Though details of the raids were still awaited till filing this report, sources close to the CBI informed that the fake mediclaim polices scam after thorough scrutiny of documents may run into crores of rupees.
Similar raids were conducted at Bhopal based office of the company in MP Nagar and its branch manager’s residence in Trilanga locality.
The central investigating agency also carried out raids on 10 residential premises of officers and agents of life Insurance Corporation (lIC) of India here in July in connection with complaints about irregularities in issue of insurance policies. The officials including a branch manager and three assistant administrative officers of the corporation were alleged to be involved in a criminal conspiracy with seven agents of lIC to cheat the corporation.
The officials in connivance with the agents had cheated lIC by issuing 281 life policies, valued at Rs 1.21 crore, by obtaining third party cheques from agents and remitting back an amount of Rs 2.45 lakh to the agents towards commission against these policies.