Arrest of LIC Officer – A LIC Officer Arrested for Frauding Two Hundred Million Dollars

listen to the news

Barabanki. Atul Verma, the mastermind of the two-hundred-billion-dollar, 10,000-prize fraud, has been arrested by police and sent to prison. There is a development manager at LIC, accused of cheating thousands of people into forming a business on behalf of real estate and stock trading in many districts.
By opening offices in Barabanki, Bahraich, Ambedkar Nagar and Sitapur, it diverted millions of rupees from investors. The police investigation has also revealed the involvement of some district and white-collar government officials in their exploits. Not only that, the police have also confirmed the deception of about 10 thousand investors.
ASP Purnendu Singh said Atul Verma, a Rafinagar resident in the Kotwali area of ​​the city, is a development officer at LIC. It is the brain of an organized gang. He created dozens of companies. Through these companies from 2019 he began working in the field of stock trading, investment, microfinance and real estate.
In the field of investment, through the Agricultural Society, it raised an amount of billions in the form of daily, monthly and fixed deposits of about 10,000 investors and, without exceeding the rules, put this amount in the stock market and real estate work. With the money earned from the real estate and stock market, the fraudster bought large properties in Delhi, Kanpur and Lucknow.
He said that after a long time, when investors started demanding money, he closed his offices open in many districts like Barabanki, Sitapur, Bahraich and Ambedkar Nagar. In the investigation so far, it has been found that there is an organized gang of about 20 people who manage the offices.
In it comes the name of an officer and a white collar. About a hundred people who work as agents in this company walk around worried about being stuck with their own and family money. The ASP said it sold two to three times the area of ​​land purchased. If the land buyers did not get the possession, they complained to the Masauli, Nagar Kotwali and Baddupur police stations. Many cases were recorded.
After that, the inspector in charge of Masauli, Pankaj Kumar Singh, started the investigation, then the mastermind of this fraud turned out to be Atul Kumar Verma. Who is the development officer at Luda’s Rudauli branch. He ran the company along with his father Om Prakash, associates Sharad Verma, Sangam Verma, Rakesh Verma and mother Mithilesh Kumari Verma, and so on.
The SP announced a reward of 10,000 rupees for the arrest of this mastermind. After that, when police began tightening the screws, they closed the company offices and hid the records. So much so that even the audit report of the company and the company disappeared. Following Wednesday’s arrest, police sent a letter to India’s Life Insurance Corporation officials demanding action against arrested development agent Atul Kumar Verma and his brother Amit Verma, the branch’s development officer of Haidergarh.
Police will investigate pre-trial detention records, ED will also report
Police will soon take the scammer’s mind to jail and search the records. On the other hand, by providing information to other economic research agencies such as ED and Income Tax, it will investigate the investment of two hundred million rupees with the help of the company’s research and fraudster companies. Apart from that, a police team has been deployed to arrest other members of this gang.
The brain Atul Verma, who cheated by creating a company, took the amount of 10 thousand investors. With an amount of about two hundred million rupees coming from the real estate and stock market, it has become privately owned in cities like Delhi, Kanpur and Lucknow. The name of an officer and a white collar have also appeared in this gang. There is an appeal to investors because, if they are victims of fraud, they will be able to file a complaint with the police station and the corresponding SP office.
-Purnendu Singh, ASP North

Barabanki. Atul Verma, the mastermind of the two-hundred-billion-dollar, 10,000-prize fraud, has been arrested by police and sent to prison. There is a development manager at LIC, accused of cheating thousands of people into forming a business on behalf of real estate and stock trading in many districts.

By opening offices in Barabanki, Bahraich, Ambedkar Nagar and Sitapur, it diverted millions of rupees from investors. The police investigation has also revealed the involvement of some district and white-collar government officials in their exploits. Not only that, the police have also confirmed the deception of about 10 thousand investors.

ASP Purnendu Singh said Atul Verma, a Rafinagar resident in the Kotwali area of ​​the city, is a development officer at LIC. It is the brain of an organized gang. He created dozens of companies. Through these companies from 2019 he began working in the field of stock trading, investment, microfinance and real estate.

In the field of investment, through the Agricultural Society, it raised an amount of billions in the form of daily, monthly and fixed deposits of about 10,000 investors and, without exceeding the rules, put this amount in the stock market and real estate work. With the money earned from the real estate and stock market, the fraudster bought large properties in Delhi, Kanpur and Lucknow.

He said that after a long time, when investors started demanding money, he closed his offices open in many districts like Barabanki, Sitapur, Bahraich and Ambedkar Nagar. In the investigation so far, it has been found that there is an organized gang of about 20 people who manage the offices.

In it comes the name of an officer and a white collar. About a hundred people who work as agents in this company walk around worried about being stuck with their own and family money. The ASP said it sold two to three times the area of ​​land purchased. If those who bought the land did not get possession of it, they complained to the Masauli, Nagar Kotwali and Baddupur police stations. Many cases were recorded.

After that, the inspector in charge of Masauli, Pankaj Kumar Singh, started the investigation, then the mastermind of this fraud turned out to be Atul Kumar Verma. Who is the development officer at Luda’s Rudauli branch. He ran the company along with his father Om Prakash, his associates Sharad Verma, Sangam Verma, Rakesh Verma and mother Mithilesh Kumari Verma, and so on.

The SP announced a reward of 10,000 rupees for the arrest of this mastermind. After that, when police began tightening the screws, they closed the company offices and hid the records. So much so that even the audit report of the company and the company disappeared. Following Wednesday’s arrest, police sent a letter to India’s Life Insurance Corporation officials demanding action against arrested development agent Atul Kumar Verma and his brother Amit Verma, the branch’s development officer of Haidergarh.

Police will investigate pre-trial detention records, ED will also report

Police will soon take the scammer’s mind to jail and search the records. On the other hand, by providing information to other economic research agencies such as ED and Income Tax, it will investigate the investment of two hundred million rupees with the help of the company’s research and fraudster companies. Apart from that, a police team has been deployed to arrest other members of this gang.

The brain Atul Verma, who cheated by doing a business, took the amount of 10 thousand investors. With an amount of about two hundred million rupees coming from the real estate and stock market, it has become privately owned in cities like Delhi, Kanpur and Lucknow. The name of an officer and a white collar have also appeared in this gang. There is a call to investors because if they are victims of fraud, they will be able to file a report by reporting it to the police station and the corresponding SP office.

-Purnendu Singh, ASP North

Leave a Comment