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CBI today carried out searches at ten places in Delhi after
registering a case against five LIC Agents and four officials
of the Life Insurance Corporation of India Branch at Khan
Market, New Delhi for fraudulently diverting the insurance
remittances of MCD employees into the fresh policies of other
policy holders. CBI had the information that the MCD, Delhi
was sending remittances of insurance premium of their employees
holding LIC Policy under the salary saving scheme through
these LIC Agents, who in criminal conspiracy with the officials
of the Insurance Company did not deliberately adjust such
remittances against the policy of MCD employees but instead
these remittances were adjusted against fresh policies of
other policy holders. During the search of the residential
and office premises, several incriminating documents and cash
were recovered. The documents are under scrutiny and further
investigation in the matter is on.
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