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Mumbai CBI Court Jails Businessman 4 Years for Rs 21.96 Lakh Insurance Fraud

The judge called it a cold, calculated economic offence that warranted a deterrent sentence.

Overview

  • Pravin Dagha was convicted of cheating and sentenced to four years' rigorous imprisonment with a Rs 25 lakh fine by a special CBI court in Mumbai.
  • Prosecutors said he obtained a Rs 21.96 lakh payout from National Insurance Company by using forged documents and misrepresenting the loss location.
  • The policy insured premises in Kurla for Rs 1 crore, while the claimed fire occurred at a Navi Mumbai godown on November 20, 2010.
  • The court cited surveyor findings and fire department call records that contradicted Dagha’s account of the incident.
  • Three National Insurance Company officials charged in the case were acquitted for lack of evidence, and Dagha was cleared of conspiracy allegations.