The Central Bureau of Investigation (CBI) has opened two fraud cases in Madhya Pradesh. One case involves the alleged theft of government scholarship funds. The other concerns fraudulent motor insurance claims totaling over Rs 4 crore. Both investigations point to organized cheating schemes.
Bhopal Scholarship Scam
The CBI booked seven individuals. These include officials from the Academy of Management College Bhopal and UCO Bank. The accused face charges of misusing scholarship money. The list includes college director Vinay Malhotra and his brother Aditya Malhotra. Assistant professor Manoj Jain and Vinesh Meshram are also named. College employee Ram Singh Verma and Senior Branch Manager Prema Verma are also accused.
Between 2020 and 2021 , 118 savings accounts were allegedly opened. These accounts were created in the names of MBA students. This reportedly happened without the students' knowledge or consent. The CBI states that forged signatures and false details were used. Proper Know Your Customer (KYC) checks were allegedly bypassed.
Around Rs 99.48 lakh in government scholarship money was deposited into these accounts. This money was then allegedly withdrawn illegally. Bonafide certificates used to open accounts were later found to be fake. ATM and debit cards linked to these accounts were allegedly given to Ram Singh. This occurred without written permission from the actual students.
College officials' mobile numbers were reportedly used. This allowed them to receive One-Time Passwords (OTPs). They could then withdraw funds the same day they were credited. The investigation is ongoing.
Fake Insurance Claims Uncovered
In a separate case, the CBI booked three private individuals from Gwalior. Avdesh Parmar, Shailedar Singh Parmar, and Manraj Prajapati are accused. They allegedly defrauded New India Insurance Company Ltd. They filed fake motor own damage claims. These claims were made between 2021 and 2024 .
The total value of these allegedly fake claims is Rs 4.30 crore . The CBI stated that the same vehicles were used in multiple claims. Vehicle owners, drivers, garage owners, and surveyors may have been involved. Photos of damaged parts were reused across claims. Repair photos sometimes came from one garage, while bills originated from another.
Claim money was reportedly sent to bank accounts different from the insured. This was done using forged cheque leaves. The CBI is continuing its investigation into this scheme.
