Fraud Alert
New India Assurance Manager Jailed for Fraudulent Insurance Claim
The CBI Court in Ahmedabad has sentenced five individuals to five years of rigorous imprisonment and imposed a collective fine of Rs 23.5 lakh in connection with a fraudulent insurance claim. The convicted include Dinesh Parshotamdas Patel, Sanjay R. Chitre, Manan D. Patel, Shishupal Rajput, and Amar Singh Bialbhai. The case involves collusion between public servants and private individuals to manipulate insurance claims, resulting in a financial loss to the New India Assurance Company Ltd. (NIACL).
The investigation revealed that between 1999 and 2000, the accused conspired to file fake accident claims supported by forged documents and fabricated evidence. The Senior Divisional Manager of NIACL, along with private accomplices, altered accident records and submitted false claims, causing a loss of Rs 4,89,488 to the insurance company. The group also created fake police reports and used tampered photographs to legitimize their claims.
The fraud was carried out through a network of bank accounts to process and distribute the stolen funds. Shishupal Rajput, acting as a recovery agent, facilitated fund transfers. Meanwhile, Amar Singh Bialbhai, then ASI and in charge of the Mehrol outpost, fabricated accident evidence to strengthen the claims.
The CBI registered the case on January 30, 2003, and filed a chargesheet against the accused on June 24, 2005. During the trial, 25 witnesses and 228 documents were examined. The court found the accused guilty based on strong evidence but abated charges against S.A. Parmar, a senior NIACL officer, due to his demise during the trial.
This case highlights the vigilance of the CBI in uncovering complex financial fraud and ensuring accountability. Efforts to protect public funds from such conspiracies remain a top priority for investigative agencies.