CBK files challan against 3 accused for illegally extracting insurance money
Srinagar: The Economic Offence Wing of Crime Branch Kashmir produced a challan against three accused persons for producing a fake death certificate to extract insurance money fraudulently.
According to a statement, issued to the news agency—Kashmir News Observer (KNO), challan was produced in case FIR No. 15/2008 U/S 420, 467,468,471,201,120B RPC before the court of Forest Magistrate Srinagar against Taveen Hussain Shah, Late Gul Fatima and Late Sakhi Shah—all residents of Kupwara.
The statement reads the instant case had been registered upon a receipt of a written complaint from one Jatinder Pal Singh, Area Manager, ICICI Prudential Life Insurance Regulatory and Development Authority of India, wherein it was alleged that Taveen Ahmad Shah had opted for life insurance policies twice with ICICI Prudential Life Insurance and had fraudulently extracted the huge amount by showing himself as dead.
It reads accordingly a case FIR No. 15/2008 had been registered and investigation into the matter was set in motion.
“During the course of investigation, it has surfaced that accused Taveen Shah had hatched a criminal Conspiracy in league with his mother and father and misrepresented the actual facts before the ICICI insurance Company and illegally and fraudulently extracted an amount of Rs 4.27 lacs as insurance claim of one of his policies by producing his fake death certificate,” it reads.
It further reads after receiving one insurance claim, the accused executed another two policies for Rs. 52 Lacs and produced another death certificate of Road Traffic Accident in Banihal.
“During the course of investigation, it was established that the accused had not died in the road accident anywhere and has managed fake death certificates to avail the insurance amount and has shown him as dead twice, but the fact is that the accused Taveen Hussain Shah is still alive,” it added.
It reads the offences were proved against him and the challan was produced in the court of law—(KNO)
Kashmir Images is an English language daily newspaper published from Srinagar (J&K), India. The newspaper is one of the largest circulated English dailies of Kashmir and its hard copies reach every nook and corner of Kashmir Valley besides Jammu and Ladakh region.