Cyber Crime
Elderly Widow Defrauded of Rs 44 Lakh in Death Claim Insurance Scam; HDFC Manager Arrested
On August 24, 2024, Prayagraj Police Department, arrested the main accused and members of a gang involved in a cyber fraud case registered under FIR No. 07/2024, Sections 419/420/201 IPC and 66C IT Act.
Incident Description: The victim was defrauded of INR 44 lakh by the accused, who promised to help the victim claim insurance related to her husband’s death.
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Modus Operandi: During the interrogation of the arrested individuals, it was revealed that the accused, Shubham Singh, was a former employee of HDFC Bank. During his tenure, he assisted an elderly woman in claiming a death insurance amount of INR 10 lakh for her deceased husband from HDFC Bank. Over time, he gained the woman’s trust, and she confided in him that she was expecting INR 44 lakh from a LIC death claim insurance. Taking advantage of this information, Shubham, along with his associate Dashrath Singh, who was working as a Sales Executive at Utkarsh Small Finance Bank, opened a new account for the elderly woman at Utkarsh Small Finance Bank. They then linked their mobile number to the account. Once the insurance amount was credited to her account, they withdrew the entire sum through mobile banking.
After committing the fraud, Shubham Singh fled to Gujarat, believing that the police would not be able to apprehend him.