ED Attaches Assets Worth 36 Crore

Srinagar: The Enforcement Directorate has attached property worth over Rs 36 crore in the case of M/s Reliance General Insurance Pvt. Ltd. (RGIPL) and M/s Trinity Reinsurance Brokers Private Limited (TRBL) linked to health insurance of employees in Jammu and Kashmir.

In a statement, the ED said that case is linked to awarding of tender of Mediclaim Insurance

Policy for the J&K Government Employees,

PSUs' employees & pensioners fraudulently to Reliance General Insurance by J&K Finance Department in collusion with Trinity Reinsurance Brokers Limited (Insurance Broker).

The statement reads that the ED initiated investigation on the basis of FIR registered by the CBI, ACB, Srinagar for commission of offences under various sections of PC (Pari-Materia to sections 120-B & 420 of IPC) and JKPC (Pari-Materia to sections 13(1) (d) read with 13(2) of PC Act), on the basis of complaint filed by the J&K government against Trinity Reinsurance Brokers Limited, Reliance General Insurance Company Limited and unknown Public Servants & private persons. It reads that the investigation revealed that J&K Finance Department deliberately awarded the tender for engagement of intermediary for designing, floating the tender for and implementation of the Health Scheme for government employees & pensioners of J&K by dubious or questionable selection and shortlisting process to TRBL without holding the essential eligibility criteria. "Moreover, the tender for engagement of IRDAl registered insurance company was awarded through M/s TRBL to the said Insurance Company which was already blacklisted by Govt. of Chhattisgarh by modification and deletion of essential eligibility criteria even though the company had