Hyderabad Police Nabs 3 Persons in Insurance, Trading Fraud Cases

The arrested persons have been identified as Devash Rastogi, 31, a tele caller and Jitendra Agarwal, 32, a businessman. The duo were account suppliers and were involved in half a dozen cases across the country. Of these cases, one case is related to Hyderabad

A 58-year-old person from Hyderabad received calls from insurance company individuals claiming to be from Integrated Grievance Management System (IGMS) department. They promised reimbursement of Rs.63.45 lakh from various insurance companies.

They demanded five per cent of Rs.3.17 lakh to be paid to the NPCI services account. The complainant paid a total of Rs.3.23 lakh along with Rs.79,321 through a credit card. On realizing that the callers cheated him, he lodged a complaint.

In a separate case, the police arrested one more person from Gurgaon in Haryana for his involvement in a trading fraud case. Three days ago, the police nabbed Vineet Chadha, 58, a businessman and native of Gurgaon in Haryana in the same case. He was involved in 12 cases all over India, out of which three cases pertain to Telangana. In this case, half a dozen persons were arrested earlier.