At least 15 people have been arrested in Delhi-NCR's Ghaziabad and Noida for allegedly running a fake insurance policy gang. IANS reported that the gang had duped over 500 people in Uttar Pradesh and others states.

The accused were arrested on Saturday night when a joint team of Gautambudh Nagar and Ghaziabad police raided an office namely 'NCR Insurance Policy' in Indirapuram, Senior Superintendent of Police, Gautambudh Nagar, Vaibhav Krishna said.

He said 36 mobile phones, 28 debit cards, cash of over 6 lakh and other documents were recovered from the spot. All the accused are residents of Ghaziabad and Delhi.

"During investigation, the accused disclosed that they duped over 500 persons by luring them to invest in the share market, in lucrative insurance policies and also offered a loan scheme. They gave forged bank accounts details to victims to cheat them," police said.

According to the SSP, one of the victims, Harjeet Singh of Punjab, had filed a complaint against the gang with Gautambudh Nagar police after being duped by a "profitable" LIC policy they issued to him.

(IANS inputs)