CORRUPTION AND FRAUD BY THE PRIVATE GENERAL INSURANCE COMPANIES WITH THE CONSIPRACY OF CHAIRMAN, IRDA, HYDERABAD

[Radhe Shyam Garg]

Dated 30.11.2012

To

The CVC,

Central Vigilance Commission,

Starkta Bhawan, GPO Complex,

New Delhi

Subject:- CORRUPTION AND FRAUD BY THE PRIVATE GENERAL INSURANCE COMPANIES WITH THE CONSIPRACY OF CHAIRMAN, IRDA, HYDERABAD

Sir,

With reference to my previous mail on dated 13.10.2012, but till today your office not take any action that I want to draw your kind attention about the corruption and fraud in the Reliance Gen Insurance Co Ltd, Regional Office, Chandigarh that due to this fraud there is a theft in the service tax in thousands crores, the detail of which is as below:-

That as per Insurance Act Section 64 UM that the survey of any accidental vehicle will be conducted only by a licensed IRDA approved surveyor if the loss will exceed from Rs 20,000/- but the Reliance Gen Insurance Co Ltd, Regional Office, Chandigarh not follow this insurance act and will conduct the survey of the accidental vehicles by their non-technical employees even if the loss will exceed from Rs. 20,000/-. In this way the insurance company saved the services tax in thousands crores from the last about ten years. If a licensed surveyor will conduct the survey then that surveyor will charge the service tax from the insurance company and will deposit the same in the service tax department. This illegal practice was already informed several times in the IRDA Office but the IRDA do nothing due to their vested interest. If the matter will complaint for a specific claim then this insurance company will sign and stamped the survey report from their own employee.

 

                That this is a very big scandal which is conducted by Sh. Rajesh Sharma (Regional Manager) in Chandigarh Region of Reliance Gen Insurance co Ltd. I request you to please handover the case to the CBI immediately. Some more private insurance companies are also involved in this scandal and the insurance regulator is involved in this scam. Please take the under taking from the IRDA regarding this scam because almost all the private insurance companies are adopting the illegal practice at each and every stage and due to which there is a great loss of revenue to the Govt of India in the shape of service tax. 

 

                                     R.S.GARG,

                                           House No. 434,

                                                              Adarsh Nagar, New Colony,

                                                           Kurukshetra-136118 (HR)

 

 

[DILEEP WANGOO]

Dear Mr. R.S.Garg,

Your complaint may be genuine but you lack the PRESENTATION.

You have the platform of association so use that agressively.

OR alternatively we can help you to present the case appropriately.

For & on behalf of SURVEYORS WELFARE ASSOCIATION ( Regd. )

Er. Dileep Kumar Wangoo,  General Secretary

mob. 9015342998.

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[DILEEP WANGOO]

---------- Forwarded message ----------
From: DILEEP WANGOO <surveyors....@gmail.com>
Date: Thu, Dec 6, 2012 at 12:11 PM
Subject: Fwd: {Surveyors:14632} CORRUPTION AND FRAUD BY THE PRIVATE GENERAL INSURANCE COMPANIES WITH THE CONSIPRACY OF CHAIRMAN, IRDA, HYDERABAD
To: chai...@irda.gov.in
Cc: f...@nic.in


Chairman,

IRDA,

Regd. Office: New Delhi

Branch / Administrative Office: Hyderabad

 

Dear Sir,

Sh. R.S Garg has complained to you regarding " THEFT / CONCEALMENT OF FACTS / AVOIDANCE INTENTIONAL OF PAYMENT OF SERVICE TAX / VIOLATION OF SERVICE TAX ACT and in our opinion it form mandatory part of your obligation towards head of the Govt. of India Institution to initiate the provisions of Ins. Act 1938 as amanded upto IRDA Act 1999 by at least calling for a report from the INSURERS refered therein.

We strongly recommend that an inquiry be conducted into the matter which broadly is that " WHY PRIVATE INSURERS ARE NOT UTILISING THE SERVICES OF SURVEYORS & LOSS ASSESSORS ABOVE Rs.20,000/- ON ANY CLAIM AND PAY THEM SCHEDULED  FEES & EXPENSES INCLUDING SERVICE TAX "

Hope your goodself will understand the CONSEQUENCES of CONCEALMENT of FACTS under your kind control IN OTHER WORDS HELP THESE PRIVATE INSURERS to " FORFIET THE RIGHT OF GOVT. OF INDIA to COLLECT SERVICE TAX for the development of COUNTRY by NON-PAYMENT of SERVICE TAX to SURVEYORS & LOSS ASSESSORS.

With kind regards,

For & on Behalf of SURVEYORS WELFARE ASSOCIATION ( Regd. )

Dileep Kumar Wangoo,    General Secretary

mob. 9015342998