Sambhal, Uttar Pradesh: In a major crackdown against organized crime, Sambhal police have seized properties worth several crores from two gangster brothers involved in a high-profile ₹100 crore insurance fraud case. The accused, Sachin Sharma and Gaurav Sharma, allegedly amassed vast wealth through fake insurance policies.
Properties Seized in Greater Noida
The police confiscated three houses belonging to the brothers in Greater Noida, with an estimated value of ₹5.22 crore, on behalf of the state government. Earlier, two of their houses, along with a tractor agency and a plot, had already been attached. Properties of gang leader Omkareshwar Mishra in Varanasi were also previously seized.
Criminal Background
The Sharma brothers hail from Babarala town in Sambhal district and were active members of Omkareshwar Mishra’s gang. The gang reportedly carried out large-scale fraud by obtaining insurance claims in the names of sick and even deceased individuals. Using the illicit proceeds, the accused built a vast property empire, which is now being legally confiscated.
Police Statement
CO Dr. Pradeep Kumar stated, “The illegal assets acquired by the accused through fraudulent insurance claims have been seized under the gangster provisions of law. Investigations to identify other co-accused are ongoing, and the crackdown will continue.”
From Humble Beginnings to Criminal Empire
Sources said the accused brothers’ father used to repair bicycle punctures in Babarala. From these modest beginnings, the brothers leveraged insurance fraud to create a substantial wealth empire. The latest action marks a significant step in Sambhal police’s campaign against organized crime and financial fraud.
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