Srinagar : The Enforcement Directorate has hooked up property value over Rs 36 crore within the case of M/s Reliance Basic Insurance coverage Pvt. Ltd. (RGIPL) and M/s Trinity Reinsurance Brokers Non-public Restricted (TRBL) linked to medical insurance of staff in Jammu and Kashmir.
In a press release, issued to the information company the ED stated that case is linked to awarding of tender of Mediclaim Insurance coverage Coverage for the J&Ok Authorities Staff, PSUs’ staff & pensioners fraudulently to Reliance Basic Insurance coverage by J&Ok Finance Division in collusion with Trinity Reinsurance Brokers Restricted (Insurance coverage Dealer).
The assertion reads that the ED initiated investigation on the premise of FIR registered by the CBI, ACB, Srinagar for fee of offences underneath numerous sections of PC (Pari-Materia to sections 120-B & 420 of IPC) and JKPC (Pari-Materia to sections 13(1) (d) learn with 13(2) of PC Act), on the premise of criticism filed by the J&Ok authorities in opposition to Trinity Reinsurance Brokers Restricted, Reliance Basic Insurance coverage Firm Restricted and unknown Public Servants & personal individuals.
It reads that the investigation revealed that J&Ok Finance Division intentionally awarded the tender for engagement of middleman for designing, floating the tender for and implementation of the Well being Scheme for presidency staff & pensioners of J&Ok by doubtful or questionable choice and shortlisting course of to TRBL with out holding the important eligibility standards.
“Furthermore, the tender for engagement of IRDAl registered insurance coverage firm was awarded by M/s TRBL to the stated Insurance coverage Firm which was already blacklisted by Govt. of Chhattisgarh by modification and deletion of important eligibility standards regardless that the corporate had much less presence in J&Ok and naked minimal expertise, as pre requirement of the tender, through the stipulated interval,” it reads.
It added that on this approach, Rs 63.53 Crores was fraudulently disbursed to theses corporations and out of this quantity, medical claims of Rs. 17 crore had been disbursed by the M/s RGIPL.
“ED has hooked up land value Rs 4.04 Crore within the identify M/s Globus Commerce Hyperlinks Pvt. Ltd., a subsidiary of M/s TRBL and FDRs to the extent of worth of Rs 32.53 Crore, pertaining to M/s Reliance Basic Insurance coverage Pvt. Ltd.
Additional investigation is underneath progress,” it stated—(KNO)
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