On March 27, a retired Lt Colonel had approached the police in Fatehpur district with a complaint. He claimed that three companies had duped him of Rs 56,77,000 by offering him bonus and maturity amount against his life insurance policy, police said. After a four-month investigation, the Special Task Force (STF) of UP Police Thursday arrested 52 persons after raiding two offices in Noida.
“Offices of a fake insurance company in sectors 11 and 64 were raided. They used to dupe people by luring them with false promises of bonus payments and maturity amount against their life insurance policies. They would ask people to deposit money in different bank accounts,” said Triveni Singh, SP Noida STF.
