Lucknow: Insurance coverage agency Bajaj Allianz has lodged an FIR with the Hazratganj police in Lucknow, alleging that homeowners of 21 industrial 4 and three-wheelers within the state have gotten their automobiles insured as two-wheelers within the final one month and paid much less premiums.
The corporate claimed it suffered enormous loss amounting to lakhs as a result of fraud, which was discovered throughout an audit.
The agency suspects it to be handiwork of an all-India stage gang that makes use of a web-based portal for getting automobiles insured.The grievance has been filed on behalf of the corporate department supervisor Ravi Shanker Tiwari in Hazratganj.
In his grievance, Tiwari mentioned 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 triggered a loss to the corporate of premium meant for a four-wheeler, GST loss to state and Central governments and likewise to the shopper as nicely,” Tiwari mentioned.
The fraudulent observe by Pandey surfaced following an inner inquiry.
“We have been shocked to know that Pandey offered 21 such insurance policies to four-wheeler automobiles of various clients throughout his almost one-year stint within the firm,” Tiwari alleged.
Hazratganj SHO Abhishek Mishra mentioned primarily based on a grievance, police registered a case of felony breach of belief and forgery towards Pandey and an investigation was underway.Bajaj Allianz Head Vikas Dave mentioned that the fraud is pan-India, by 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 mentioned 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.