The Economic Offences Wing (EOW) of the Delhi Police has arrested Dinesh Bansal, the alleged mastermind behind a massive ₹30 crore insurance fraud involving bogus car accident claims. The arrest marks a major breakthrough in a case that exposed deep-rooted collusion between workshop operators, former insurance employees, and licensed surveyors.
According to police officials, Bansal orchestrated an elaborate scam in partnership with former employees of Tata AIG General Insurance Company, surveyors licensed by the Insurance Regulatory and Development Authority of India (IRDAI), and multiple garage operators across Delhi-NCR.
The investigation was initiated following a 2022 complaint filed by Virender Pal Singh, Head of the Fraud Control Unit at Tata AIG. The company alleged that six garages, in collusion with four former employees, three licensed surveyors, and several policyholders, submitted fraudulent invoices for vehicle repairs that were never conducted, resulting in losses of approximately ₹30 crore.
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During the detailed probe, several red flags emerged — including repeated high-value claims for the same vehicle under different policies, identical photographs used for multiple accident claims, inconsistent statements from drivers and vehicle owners, and tampered vehicle registration data.
Bansal, who operated four auto workshops—three of which were registered under the names of his wife and an associate—was at the center of the operation. He is accused of submitting over 500 fake claims between February 2019 and August 2021, often staging two to three fraudulent accidents per vehicle annually. The claims primarily cited airbag damage and ranged from ₹2 lakh to ₹4.5 lakh per incident.
To ensure smooth claim approvals, Bansal allegedly bribed insiders at Tata AIG, offering kickbacks of approximately 15% per claim. The ill-gotten proceeds were reportedly laundered through a network of eight shell companies, with the help of a chartered accountant who received a 10% commission for managing the financial transactions.
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Bansal, a Class 10 pass-out from Haryana who moved to Delhi 25 years ago, initially ran a second-hand car dealership before venturing into the automobile repair business. He was apprehended from the Samaypur Badli Industrial Area following technical surveillance by the EOW.
Earlier, two Tata AIG officials—Pradeep Rana (Chief Manager) and Deepak Sharma (Examiner)—were arrested on April 14 for their alleged involvement in the scam. Another accused, Raju Singh, has been in judicial custody since August 2024.
The case is being pursued under relevant sections of the Indian Penal Code. Authorities are continuing the investigation to identify other beneficiaries and trace the remaining fraud proceeds.