CHEATING RACKET INDULGED IN INSURANCE BONUS FRAUD OPERATING UNDER THE GUISE OF HOLIDAY PACKAGE SERVICES BUSTED.

• ACCUSED HAVE CHEATED SEVERAL INNOCENT VICTIMS ALL OVER INDIA ON THE PRETEXT OF PROVIDING HANDSOME BONUS/ADDITIONAL GROWTH ON INSURANCE POLICIES.
• VICTIMS WERE INDUCED TO DEPOSIT HUGE AMOUNTS IN SEVERAL BANK ACCOUNTS OF COMPANIES ‘DAVIS VALUE CARD’ & ‘DREAMLAND DEVELOPERS’.
• LUXURY ‘AUDI Q3 SUV’ ACQUIRED FROM THE CHEATED MONEY RECOVERED FROM ACCUSED WHO IS DIRECTOR OF COMPANY ‘DAVIS VALUE CARD PVT. LTD.’.

Crime Branch has busted a huge racket of insurance fraud that was running under the garb of holiday package services in the name and style of ‘Davis Value Card Private Limited’ and arrested Sumit Verma (32 yrs) s/o Late Naresh Verma r/o Flat No.1905, 18th Floor, Amber Tower, Supertech Pavilion, Sector-34, Noida, UP, who is one of the directors of company ‘Davis Value Card Private Limited’

The accused persons have cheated many innocent people all over India on the pretext of providing huge amount of bonus/additional growth on investment pertaining to insurance policies of the victims. The accused persons were operating from their companies in Noida and received the cheated amount in company accounts. With the arrest of accused, case FIR No.156/2015 u/s 420 IPC, PS Crime Branch, Delhi has been worked out. Several cases of cheating are registered against the accused companies in Delhi NCR, Dehradun and Chandigarh and further details are being verified.

Complainant Atam Prakash Wadhwa r/o Mansarovar Garden, Delhi, a retired govt. employee and a senior citizen aged above 80 years had moved a complaint therein alleging that he had received some phone calls wherein the caller informed him that he was entitled to bonus/additional growth on his LIC policies. The alleged callers kept calling the complainant and induced him to deposit money in their company bank accounts. As per their directions, complainant invested money in companies ‘Davis Value Card Pvt. Ltd’. and ‘Dreamland Developers’. The amounts were deposited by the complainant through cheques to several bank accounts of the alleged companies but the alleged companies did not pay any bonus/good returns to the complainant. The alleged persons even tried to extract more money from him. Thus a case vide FIR No.156/2015 u/s 420 IPC was registered at PS Crime Branch, Delhi and investigation was taken up. During investigation, it was found that the complainant had paid approx. Rs.77 lac to the alleged companies through cheques from his bank accounts. Investigation of the case was being conducted by South Eastern Range, Crime Branch. The alleged companies were operating from rented premises at Noida and had fled away after cheating victims. The details of the companies were obtained from the office of the Registrar of Companies, Delhi and efforts were made to trace the office bearers/Directors of the alleged companies but they were not found at the mentioned addresses and kept evading investigation of the case. During investigation, it came to be known that the accused had cheated crores of rupees from several victims all over India. Sincere efforts were made to apprehend the accused persons and sources were deployed to trace them.

The efforts yielded result when secret information was received by SI Nagender Singh, SER/Crime Branch on 21.7.2016 that Sumit Verma, one of the directors of the alleged company ‘Davis Value Card Private Limited’, who is indulged in cheating innocent persons all over India on the pretext of providing huge bonus on insurance policies through his company, was hiding in Sector-34, Noida. The information was further developed and a team led by ACP Ishwar Singh, comprising of Inspr. Atul Tyagi, SIs Nagender Singh, Sanjay, HCs Sandeep, Hamender, Brijpal, Virender, Cts Surender, Rakesh and Pankaj was constituted under supervision of DCP Bhisham Singh and overall guidance of Addl.CP K.K. Vyas to nab him.

Accordingly, the team conducted a raid on the intervening night of 21/22.7.2016 at Supertech Pavilion, Sector-34, Noida and the accused Sumit Verma, director of alleged company ‘Davis Value Card Private Limited‘ was apprehended. The accused had purchased a premium flat in the above stated society and a luxury Audi Q3 SUV with his share of the cheated amount.

Other co-accused (directors of the alleged companies) are still at large and efforts are being made to nab them.

INTERROGATION AND PROFILE: -

Accused Sumit Verma was born at Nai Sarak, Roshan Pura, Old Delhi in a middle class family. His father had died at the time of his birth. He has studied upto 12th standard in Delhi. In 2003, he started working in a garment factory at Gandhi Nagar, Delhi. In 2006, he joined a Call Centre at Sector-2, Noida as a telecaller where he was promoted to the post of trainer. Here, he came in contact with Gurpreet Singh, Bhupender Rawat and Manoj Verma. In 2008, Gurpreet Singh started his own company in name of Da Vision Services at Naraina, Delhi and accused Sumit Verma joined as Team Coordinator and was promoted to Team Manager.

In 2010, Gurpreet Singh started another company Da Vision Portfolio Management Services at Sector-2, Noida with accused Sumit Verma as its Director. In 2012, Gurpreet Singh started another company ‘Davis Value Card Pvt. Ltd’, which Sumeet Verma joined as Training Head. Later, he became a Director in this company in 2012 end. This company was initiated for sale of holiday packages but the business failed on which the accused persons used their company profile and telecalling facilities for cheating victims to the tune of crores of rupees in the name of heavy bonus/high returns on insurance policies. They received the cheated amount from victims through cheques in their company accounts in different banks. Through this cheating activity, accused Sumit Verma received huge amount of money as his share and purchased a premium flat in Supertech Pavilion, Sector-34, Noida in 2013 and a luxury Audi Q3 SUV in 2014.

In the end of 2014, accused Sumit Verma also joined as a Manager in the new venture of co-accused Gurpreet Singh named as ‘Caring Papa’ at BITS Tower, Sector-125, Noida; a company for online sale of health insurance policies but this venture also failed. The accused persons used to cheat their victims for a long period and when the victims realized it and started moving complaints, the accused used to flee away and evaded the course of law. Accused Sumeet Verma was living a luxurious life with his share of cheated money by living in a plush flat at Supertech Pavilion, Sector-34, Noida and driving a luxury Audi car.