Fake vehicle insurance racket busted in Cyberabad; 11 arrested

Hyderabad:  After receiving a complaint that a person had been duped on the pretext of providing vehicle insurance, the Special Operations Team (SOT) of Shamshabad Zone under Cyberabad Police on Tuesday busted the ‘fake vehicle insurance policy’ gang and apprehended 11 persons. The gang are involved in the preparation of fake vehicle insurance policies in the name of reputed and popular banks.
According to police, the gang was selling fake insurance policies to needy people for a huge amount. The police have seized around 1125 fake vehicle insurance policy papers, net cash Rs. 57,000, three pollution testing vehicles, three stamps, computers, printers and other relevant documents related to fake policies from the possession of the apprehended accused persons.
All the accused persons are the residents of Hyderabad and are between the age group of 25 to 40, they were all arrested from the various highways and RTO offices by the sleuths of SOT team.
Police further stated that the gang used to operate pollution testing vehicles on highways and near RTO (Regional Transport) offices. When a vehicle comes for pollution testing, they will enquire with the vehicle owner regarding insurance policies and if they do not have, convinces them to buy vehicle insurance and issues the insurance bond instantly.
Moreover, the same gang members were operating also at RTO offices, they were selling fake insurance policies to the citizens who come for vehicle registration. “They were saying without the insurance the registration will not be approved, the accused were tying up with RTO agents promising them a commission and through them, they get vehicle owners for buying insurance. They sell fake insurance policies at Rs. 5,000 to Rs.10, 000 which doesn’t really work out,” said Cyberabad police commissioner VC Sajjanar.
It has also been mentioned by the police that the same gang was already involved in the same fraud in Karnataka. They were in Bidar district jail and were later released.