India


Cheating racket of insurance bonus fraud busted

New Delhi, Aug 1 (UNI) The crime branch of the Delhi Police 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 Ltd’ and arrested one of the directors of company, officials said today.
According to police, the arrested has been identified as Sumit Verma (32), a resident of Noida, Uttar Pradesh.
The accused have cheated many innocent people across India on the pretext of providing huge amount of bonus or additional growth on investment pertaining to insurance policies of the victims.
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