Rs 100 Crore UP Insurance Fraud: Properties Worth Rs 12 Crore Seized From Main Accused

Officials probing the massive insurance fraud case in Uttar Pradesh have seized properties valued at roughly Rs 12 crore from three men identified as central to the racket, according to a recent report by the Times of India. The attachment follows months of police work that started with what seemed like a routine stop-and-check and eventually uncovered one of the more audacious scams in the sector.

Investigators say the racket was not a small-time operation. Instead, it was set up to look clinical and well-run, with different people handling paperwork, medical records, insurance applications, and follow-up claims. Policies were taken out in the names of patients who were either seriously ill or had already passed away. In a few cases, officials believe deaths were reported in a way that made payouts look justified. A lot of the documentation involved forged hospital papers and altered identity records.

A Wider Network Than First Assumed

The men whose properties were attached, named in reports as Sachin Sharma, Gaurav Sharma, and Omkareshwar Mishra, are said to have built real estate holdings and other assets with the money. The properties are in different locations and fall under the Gangster Act attachment order. The operation, police sources say, extended across several districts, including Sambhal, Budaun, Varanasi, and Gautam Buddha Nagar.

What makes the case stand out is how long it seems to have remained under the radar. The scam apparently reached far beyond UP, touching as many as a dozen states, with local middlemen helping verify fake documents. In smaller towns, paperwork from hospitals and municipalities tends to move without too many questions, which may have given the group room to operate.

Investigators Look For The Money Trail

More than 70 individuals have been rounded up so far, and over two dozen have been charge-sheeted. The Enforcement Directorate is also examining whether the proceeds were parked in shell companies or diverted into property deals. For now, the seizure of assets is seen as an important step because it prevents the accused from selling or transferring their holdings while the case moves through court.

For the insurance industry, the episode is uncomfortable. Fraud in claims has always existed, but this case shows how quickly it can escalate into something organised, even industrial. It also exposes weak points in death verification and medical scrutiny, especially when policies are sold aggressively in smaller markets. For policyholders, scams of this scale eventually show up in the form of steeper premiums or tighter paperwork. Insurers, too, end up spending time and money cleaning up the mess.