Kathmandu. The Shankar Group, a privately promoted reinsurance company, and life and micro insurance companies, has also embezzled money from another insurance broker company in the style of Alliant Reinsurance Brokers. <\/p>\n
The money from Himalayan Reinsurance (Himalayan Re) has gone from Trust Insurance broker to Mridula Sariya (owner of Infomerics Nepal and director of Crest Microinsurance) to Sulav Agrawal through Renu Agrawal. Sulabh Himalayan is a Rika promoter. In this case, Himalaya Rico spent more than Rs 4.50 crore and Sulabh received more than Rs 3.80 crore through Mridula Sariya. <\/p>\n
Mridula is the daughter-in-law of Renu Agrawal, the chairperson of Saria Trust Insurance Brokers. <\/p>\n
How did the money be transacted? <\/span><\/p>\n Trust Insurance Brokers has paid Rs 3.80 crore to buy land owned by Mridula Sariya in Jhapa. Mridula has transferred this amount to the bank account of her mother-in-law Renu Agarwal. Sulav Agrawal has withdrawn money from Phupu’s bank account. <\/p>\n In this case, the amount paid by the Trust Insurance Broker has reached the bank account of the company’s board member Renu Agrawal. Renu Agrawal is the aunt of Sulav Agrawal and sister of Shankar Agrawal, who is currently in police custody in a money laundering case. <\/p>\n It has been found that the money was transferred back to Sulabh Agrawal from Himalayan Ri Trust Insurance broker, Mridula Sariya from Trust Insurance, Renu Agrawal from Mridula and Sulabh Agrawal from Renu. <\/p>\n KATHMANDU: Trust Insurance Brokers, headquartered in Kalikasthan, Kathmandu, has been suspicious of the purchase of land outside Kathmandu in the eastern Terai districts. <\/p>\n Artificial transactions between Himalayan Re and the Trust<\/strong><\/span><\/p>\n }<\/p>\n Himalayan Relay Trust Insurance Brokers has been shown commission expenses for providing insurance business from life insurance companies. Himalayan Relic has illegally appointed an intermediary and paid the commission amount to Trust Insurance Brokers in the direct agreement between the life insurer and the reinsurer. <\/p>\n Himalayan Reel has deducted 15% tax from the amount of Rs 45 million as commission and paid the rest of the amount to the account of Trust Insurance Brokers. The company has paid Rs 3,82,50,000 after tax deduction from 10 life insurers for Himalayan Rea. <\/p>\n Sushil Dev Subedi, managing director of Nepal Insurance Authority, refused to comment further on the matter, saying the matter is under investigation. <\/p>\n The chief executive of Trust Insurance Brokers did not want to be contacted for comment. He is an Indian citizen.<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. The Shankar Group, a privately promoted reinsurance company, and life and micro insurance companies, has also embezzled money from another insurance broker company in the style of Alliant Reinsurance Brokers. The money from Himalayan Reinsurance (Himalayan Re) has gone from Trust Insurance broker to Mridula Sariya (owner of Infomerics Nepal and director of Crest […]<\/p>\n","protected":false},"author":16,"featured_media":303601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45067,45159],"tags":[],"class_list":["post-303618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-important-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/303618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=303618"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/303618\/revisions"}],"predecessor-version":[{"id":303619,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/303618\/revisions\/303619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/303601"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=303618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=303618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=303618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}