Lucknow: Insurance coverage agency Bajaj Allianz has lodged an FIR with the Hazratganj police in Lucknow, alleging that house owners of 21 industrial 4 and three-wheelers within the state have gotten their autos insured as two-wheelers within the final one month and paid much less premiums.
The corporate claimed it suffered enormous loss amounting to lakhs because of the fraud, which was discovered throughout an audit.
The agency suspects it to be handiwork of an all-India degree gang that makes use of a web-based portal for getting autos insured.
The criticism has been filed on behalf of the corporate department supervisor Ravi Shanker Tiwari in Hazratganj.
In his criticism, Tiwari stated one Abhishek Pandey was appointed as an agent for Level of Sale on the firm’s satellite tv for pc workplace in Gonda.
“In September 2021, the corporate got here to know that Pandey had issued a two-wheeler legal responsibility coverage to a industrial four-wheeler proprietor. This brought about a loss to the corporate of premium meant for a four-wheeler, GST loss to state and Central governments and in addition to the shopper as properly,” Tiwari stated.
The fraudulent follow by Pandey surfaced following an inside inquiry.
“We have been shocked to know that Pandey bought 21 such insurance policies to four-wheeler autos of various prospects throughout his practically one-year stint within the firm,” Tiwari alleged.
Hazratganj SHO Abhishek Mishra stated based mostly on a criticism, police registered a case of prison breach of belief and forgery towards Pandey and an investigation was underway.
Bajaj Allianz Head Vikas Dave stated that the fraud is pan-India, during which 1.36 lakh 4/three wheelers have been registered as two wheelers inflicting a lack of round Rs 110 crore to the corporate and Rs 20 crore to the federal government as GST.
Dave additional stated as per information, 26,000 industrial 4 wheelers have been registered as two wheelers in Uttar Pradesh inside a yr (October 2021-October 2022), inflicting lack of round Rs 20 crore.
