Archive · 1 Sep 2025
IRDAI Assistant Manager Arrested for ₹5.30 Crore Fraud
An assistant manager named Sastry at IRDAI, an insurance regulator, was arrested.
He is accused of a large fraud, taking ₹5.30 crore.
Sastry made fake documents and changed where the money from the company was sent, so it went to him and his family.
He tricked his higher-ups into approving these fake payment requests.
Now, the police are investigating what happened and what will happen to him.
An IRDAI Assistant Manager was arrested.
The arrest is related to a ₹5.30 crore fraud.
Bhaskarabhatla Suryanarayana Sastry is the accused.
Sastry created fake invoices to divert funds.
Funds were diverted to personal and family accounts.
- Who
- Bhaskarabhatla Suryanarayana Sastry, Assistant Manager at IRDAI
- What
- Sastry was arrested for forging documents and diverting IRDAI funds.
- When
- September 1, 2025 (publication date)
- Where
- Not explicitly mentioned.
- Why
- Sastry created fake documents to divert IRDAI funds to personal and family accounts.
- Accused
- Bhaskarabhatla Suryanarayana Sastry
- Position
- Assistant Manager, IRDAI
- Charges
- Forgery, cheating, misappropriation of funds
- Amount of Fraud
- ₹5.30 crore
- Method
- Forged invoices and diverted funds
