Crony Capitalism

Insurance Policy with Reliance was full of frauds, scrapped: Guv

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JAMMU, Oct 24: Governor Satya Pal Malik today announced scrapping of Jammu and Kashmir Group Medical Insurance Policy for Government employees with Anil Ambani’s Reliance General Insurance saying “it was full of frauds”, which has been established and officers involved identified. He said the entire process was carried out in hush hush manner and even the tenders were opened on holiday to suit a company.
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“I have ordered termination of the Jammu and Kashmir Group Medical Insurance Policy of Government employees after going into roots of the case, which turned out to be `full of frauds.’ Formal orders to this effect will be issued in the next two days,” Malik told Zee News tonight from the banks of Dal lake when asked by the interviewer about the Policy running into Rs 20,000 cr to Rs 25,000 cr.
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He said the Government hadn’t even called the tenders for the policy and a front company was floated by the officers to call the tenders, which were not uploaded on the Government website.
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“The amount was changed to suit the company. The tender was opened on holiday. I went to root of the case to find out which officers were involved…how much amount was involved. More employees were added to the policy to raise the amount,” the Governor said in a serious indictment of the Finance Department, which was responsible for implementation of the Policy.
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