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Ex-cop, PSU staffer among 5 men handed jail term in 2003 bogus insurance claims case

by AIP Online Bureau | Dec 31, 2024 | Indian News, Non-Life

During investigation, it was revealed that public servants entered into a criminal conspiracy and colluded with private persons and sanctioned insurance claims based on forged documents, thus causing loss to the New India Assurance, said the agency Ahmedabad: A...

Former Warburg banker gets jail term in German fraud trial

by AIP Online Bureau | Feb 9, 2022 | Banking & Bancassurance, Risk Management

He is the second person to receive a jail sentence for trading activity that thrived during the years after the financial crash and cost Germany more than five billion euros ($5.72 billion) The fraud involved trading shares rapidly around a syndicate of banks,...

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