Fake Noida Call Centre Scam: Former Insurance Agents Steal From Hundreds

Ex-insurance agents ran a fake call centre in Noida, scamming hundreds with fraudulent loans and policies. They bought phone data for ₹2,500, used fake SIM cards, and rented a bank account. Eleven people, including nine women, were arrested in the multi-crore scam.

Baffling the people, police in Greater Noida have recently busted a fink loan and insurance fraud case that duped hundreds of people from different parts of the country. Two old life insurance agents managed this bogus undertaking, functioning from a fake call centre in Noida’s Sector 51 market for over a year.

A combined operation of Crime Response Team (CRT) and Sector 49 police station officials detained eleven individuals on Friday, nine of whom are women. The Deputy Commissioner of Police (DCP) Shakti Mohan Avasthy mentioned that Ashish Kumar (alias Amit) and Jitendra Verma (alias Abhishek) the main planners of the fraud were involved with the SBI Life Insurance in 2019.

The logic of the scam was in buying the data of about 10 thousand people in Indiamart for only ₹ 2,500. Based on the details, the gang chose victims from outside Delhi-NCR through persuading them the possibility of getting high returns on loans and insurance policies.

To uphold anonymity, the scammers acquired SIM cards through fake Aadhaar cards recently made legal for this purpose. The nine arrested women assumed the identities of executives of the call centres and initiated the conversations. The organization worked on commission, which was successful.

Instead, employing a stroke of guile, the fraudsters opened a Punjab National Bank account on the basis of a man named Arvind in Karnataka, for ₹10,000 per month to receive the proceeds of the crime. They then proceed to withdraw the money using debit cards in the area of Noida.

Among the items seized during the raid was a black diary documenting every transaction carried out in the past year. The scam is believed to have earned the fraudsters crores of rupees.

A similar case was filed against the accused and DCP Avasthy further pointed out that the accused had been involved in a similar crime in Ranchi.

An First Information Report (FIR) has been registered as per provisions of the recently enacted Bharatiya Nyaya Sanhita and all the accused arrested have been sent to Judicial custody.

Also Read: Survivors of the Reasi Terror attack spill the beans, how they faked death as terrorists continued to fire

This case therefore brings into perspective the fact that the sophistication of financial fraud is continually on the rise, and that there is need for the public to be more cautious. The government asks people to be skeptical when considering offers of loans or insurance that come out of the blue, particularly if these offers claim to generate significantly high revenues.