JAMMU, Aug 1: The Economic Offences Wing (EOW) of Crime Branch Jammu has filed a chargesheet against a former employee of ICICI Prudential Life Insurance Company for allegedly cheating, forgery and fraudulently siphoning off more than ₹10.75 lakh through forged documents and a fake bank account.
The chargesheet has been presented before the Court of the 3rd Additional Munsiff Judge, Jammu, in connection with FIR No. 02/2013 registered under Sections 420, 467, 468 and 471 of the Ranbir Penal Code (RPC). The case was initially registered at Police Station Gandhi Nagar, Jammu, before being transferred to the Crime Branch for a detailed investigation.
According to Crime Branch officials, the case originated from a complaint lodged by Deepak Bhat, then Branch In-charge of ICICI Prudential Life Insurance Company, Jammu. The complaint alleged that former employee Parul Sharma fraudulently surrendered Policy No. 08551598 by using forged documents and diverted the surrender amount of ₹10,75,742.95 to a fake State Bank of India account opened in the genuine policyholder’s name. Investigators also found that similar fraudulent attempts had been made in respect of two other insurance policies.
During the investigation, the Crime Branch collected records from SBI and ICICI Prudential Life Insurance Company, which allegedly established that the accused had obtained duplicate policy documents, forged surrender forms and opened a fraudulent bank account using fake identity documents. The insurance proceeds were subsequently transferred through NEFT into the fake account.
Crime Branch further stated that witness statements, documentary evidence and forensic examination by the Forensic Science Laboratory corroborated the allegations, establishing the accused’s involvement in the fraudulent transactions, resulting in wrongful loss to both the insurance company and the policyholder while securing unlawful financial gain.
A Crime Branch official said, “The investigation was conducted scientifically by examining oral, documentary and forensic evidence. Based on the material collected, the chargesheet has been filed before the competent court for judicial determination. The Crime Branch remains committed to taking strict legal action against those involved in financial fraud and urges citizens to remain vigilant against economic offences.”
The Crime Branch has advised the public to promptly report incidents of economic fraud to SSP Crime Branch EOW Jammu or through its official email and helpline so that timely legal action can be initiated.