The Economic Offences Wing (EOW) of the Delhi Police has arrested Dinesh Bansal, the alleged kingpin behind a ₹30 crore insurance fraud scheme that involved fake vehicle accident claims and fabricated repair invoices.
According to officials, the fraud was carried out in collusion with four former employees of a private insurance company and three external surveyors. The group reportedly raised fraudulent claims by submitting bogus car repair bills for accidents that never took place, thereby duping the insurance company out of crores of rupees.
A Web of Deception Unraveled
The investigation was initiated after the insurance company lodged a formal complaint, highlighting suspicious patterns in claims processing. Upon scrutiny, EOW investigators uncovered multiple high-value claims filed under different policyholder names, often for the same vehicle.
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In some cases, identical photographs of a damaged vehicle were used across several claims. Furthermore, discrepancies in accident narratives provided by vehicle owners and drivers further deepened suspicions. “The same car was being shown in multiple claims under different names and insurance policies,” an EOW official said, adding that even the vehicle photos and accident stories didn’t match up.
Mastermind Controlled Four Workshops
Dinesh Bansal, who operated four automobile workshops, was identified as the central figure in the fraudulent network. These workshops were allegedly instrumental in fabricating repair documents and false damage reports, which were submitted for insurance reimbursements.
Using technical surveillance, police traced Bansal to Samaypur Badli Industrial Area, where he was apprehended. Further investigation led to the arrests of Pradeep Rana and Deepak Sharma, two officials from the insurance company accused of enabling and facilitating the fake claims.
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Public and Industry Advisory
Following the arrests, police issued a warning to the public against relying on middlemen and workshop staff who attempt to lure them into fake accident claims in exchange for commissions. Authorities have also urged insurance companies and surveyors to adopt stricter verification protocols and thoroughly assess claims before approvals. The EOW emphasized that the practice of fixing commissions on claim settlements opens the door to large-scale fraud and legal consequences.
Ongoing Probe
The investigation is ongoing, with police looking into the financial transactions between the accused and the insurance company. More arrests may follow as officials work to trace the remaining network members and recover defrauded funds.
This case serves as a stark reminder of the need for tighter fraud detection mechanisms in the insurance sector and the importance of ethical practices in claims processing.