Hyderabad: Fake insurance policy racket busted, 3 held
Hyderabad: In a joint operation, Special Operation Team (SOT) and Miyapur Police today busted a fake insurance racket and arrested three accused. According to the police’s SOT, the fake general insurance policy team was involved in issuing fake insurance policies.
The accused have sold fake policies. Miyapur police registered a case against the accused and started an investigation.
The accused have been identified as Mohammad Sarwar Sharif (28), a resident of Hakimpet, a resident of Rangareddy district, Mirza Ilyas Baig (62), an auto driver, and Sheikh Jamil Ahmed (46), an auto driver of New Hafeezpet. Another accused Azhar, a resident of Hafeezpet, is said to be absconding.
111 fake insurance policies, 2, computers, colour printer, ICIC RUBBER stamps, 4 mobile phones, 79,000 cash, one autorickshaw worth Rs 7,25,000 were seized from their possession.
