Hyderabad Police Nab Fake Insurance Duo

Hyderabad Cybercrime Busts Fake Insurance Scheme: Two Arrested for Scamming Policyholders with Bogus Company

Hyderabad: Two guys in Hyderabad got caught by the Cybercrime police for tricking people with a fake insurance company. The arrested guys, Bellary Pavan Kumar (27) and Soudri Basavaraj (27) made up a company called ‘Chola MS General Insurance Company Limited’ and even set up a call center.

These guys got hold of a database from Cholamandalam MS General Insurance Company and started reaching out to policyholders, telling them to renew their policies. The tricky part was that they gave bank account details to the victims and collected money from them.

The Additional CP (crimes) A V Ranganath explained, “The executives provided bank account details to the unsuspecting victims to pay the amount and collected the amount from them.”

After someone complained about this, the police took action and are now looking into the case.