In a significant development, the Enforcement Directorate has attached properties worth over Rs 36 crore in the case of M/s Reliance General Insurance Pvt. Ltd. (RGIPL) and M/s Trinity Reinsurance Brokers Private Limited (TRBL) linked to health insurance of employees in Jammu and Kashmir.
In a statement, the ED said Directorate of Enforcement (ED) has provisionally attached immovable and movable properties worth Rs 36.57 Crore in the case of M/s Reliance General Insurance Pvt. Ltd. (RGIPL) and M/s Trinity Reinsurance Brokers Private Limited (TRBL) related to fraudulent awarding of Tender of Mediclaim Insurance Policy for the J&K Government Employees, PSU’s employees & Pensioners fraudulently to M/s Reliance General Insurance Pvt. Ltd. by the Finance Department, J&K in collusion with M/s Trinity Reinsurance Brokers Limited (Insurance Broker).
The investigation in the case was initiated by the ED based on FIR registered by the CBI, ACB, Srinagar for the commission of offenses under various sections of RPC (Pari-Materia to sections 120-B & 420 of IPC) and JKPC (Pari-Materia to sections 13(1) (d) read with 13(2) of PC Act), based on complaint filed by the GAD, Govt. of UT of J&K against M/s Trinity Reinsurance Brokers Limited, M/s Reliance General Insurance Company Limited and unknown Public Servants & private persons.
ED investigation revealed that the Finance Department, Govt. of J&K, deliberately awarded the tender for the engagement of the Intermediary (i.e Insurance Broker) for designing, floating the tender for and implementation of the said Health Scheme for Government.