One Arrested In A Trading Fraud Case

Hyderabad, July 17 (Maxim News):  Cyber Crime Police arrested one accused person Tarun Sachdeva, who hails from Rajasthan and is cheating innocent people in the guise of insurance fraud and operating to provide the current bank accounts to Cyber fraudsters to cheat gullible people and seized Cheque Book of account 1, Pass Books of different Bank accounts 2, Mobile Phone 1, aadhar card of Tarun Sachdeva.

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The complaint was received from victim Shabnam Bakshi, Retired employee, aged 72 years, R/o Hyderabad, stating that the cyber fraudsters contacted him on the pretext of Punjab National Bank MetLife Insurance Company and Bharti AXA General Insurance Company, posing as they are genuine representatives of such companies for the tuned of  Rs. 45,78,760/-. registered a case 

Cyber Fraudsters are used to download the data of insurance policyholders by searching directories (doctors, software engineers, retired government officials, etc). They used to provide such data to their Tele-callers of their CALL CENTRE “HW Out-sourcing & Marketing Pvt Ltd., Delhi) duly instructing them to call & convince.

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The insurance policyholders. Initially, the Tele-callers used to contact the data listed people and collect personal information (name, address, date of birth, previous insurance policies, etc) and give such information about interested persons to their managers &  team leaders. In turn, the managers &  team leaders get deposits of money in fake bank accounts on multiple transactions from innocent people by believing them for Top-up & Premature settlements of insurance policies, towards government charges for stamp papers, central tax, state tax, transfer fee, processing fee, FD account opening, etc.,

The accused A-2 Tarun Sachdeva hails from Rajasthan State and came in contact with Satpal Singh, Abhishek, and Ashish R/o: Delhi. They all hatched a plan to cheat innocent people on the pretext of insurance fraud. A2 along with associate Satpal Singh operated the bank accounts and also provided the bank accounts on a commission basis depending on deposited amounts in supplied bank accounts. A-2 opened many bank accounts in his name in other states, by changing the address on his Aadhaar card by using rental agreements. Likewise, he opened fake bank accounts in Indore and Ahmedabad with fake addresses. A-2 and his associate Satpal Singh withdrew the fraudulent amounts by presenting self.

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The team was headed by Inspector of Police,  K. Prasada Rao along with team B. Manmohan SI, HC P.V Srinivas, and PC’s A. Sathish, G. Bhaskar, R. Murali Krishna, J. Venkatesh, G. Kranthi Kumar of PS Cyber Crime under the supervision of  R.G Siva Maruthi, ACP Cyber Crime PS, Hyderabad have cracked the case (Maxim News)

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