Two held after 17 years in LIC cheque fraud case
Two men have been arrested by the Central Crime Branch for a 17-year-old cheque fraud case involving an LIC policy. The suspects allegedly intercepted a maturity cheque and impersonated the policyholder to encash the funds.
Why it matters
This case highlights the long-term persistence of law enforcement in pursuing financial crimes and the vulnerabilities in physical cheque-based transactions.
The Central Crime Branch (CCB) has arrested two men involved in the theft of an LIC policyholder’s maturity cheque for ₹3.22 lakh and withdrawal of the amount through impersonation in 2009. The two men had been absconding for nearly 17 years.
The complainant, Kannan, an LIC manager on Anna Salai, said the cheque for V. Vijayakumar’s policy maturity amount had been sent to his address in Sowcarpet. However, unidentified persons allegedly intercepted the cheque, forged documents in Vijayakumar’s name, impersonated him, and encashed the cheque.
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