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UP raid exposes 50 crore insurance racket across 12 states with fake IDs and murders
Economy
Published on 24 April 2026
Investigators found ghost accounts linked to deadly violence
A foggy night bust in Uttar Pradesh has uncovered a sprawling INR 50-crore insurance racket operating across 12 states. Investigators say fake identities and ghost accounts were used to drive fraud, while murders allegedly tied to the scheme show how forgery evolved into a violent crime economy. Authorities are piecing together an organised network behind the operation.
- Uttar Pradesh raid reveals an INR 50 crore insurance scam
- Fraud network allegedly operates across 12 states
- Fake IDs and ghost accounts are central to the scheme
- Murder links suggest a violent angle to the crime
- Authorities are investigating the full network and suspects
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times