Pune: The Bombay High Court has granted temporary bail to Shivam Rajesh Tiwari (28), an accused in a ₹1.5 crore insurance fraud case, to attend his wedding. The court, presided over by Justice N.R. Borkar, allowed Tiwari bail for two weeks, requiring him to appear before the court on January 28, 2025.

Tiwari, along with two co-accused—Manoj Kumar Rupkumar Jain (38) and Mohit Singh Rajendra Singh (29)—was charged in a case registered at the Cyber Police Station, Pune. The alleged fraud took place between March 2022 and April 2024. Tiwari was arrested on December 2, 2024, in Uttar Pradesh.

The defense team, led by Advocates Satyavrat Joshi, Vijaysinh Thombre, and Digvijaysinh Thombre, informed the court that Tiwari’s marriage had been arranged before the registration of the case. The court accepted this argument and permitted temporary bail while scheduling the next hearing for January 31, 2025.

Fraudulent Scheme Exposed

According to the investigation, Manoj Jain, an employee of Bajaj Allianz Life Insurance Company, collected unauthorized data about unclaimed policies of non-resident Indian policyholders. He shared the information with the co-accused, who filed false claims and transferred the amounts into fake bank accounts opened by Tiwari.

The fraud amounted to a total of ₹1.47 crore. The accused reportedly used multiple bank accounts to execute the scam, with Tiwari handling the creation of these accounts at Bank of India.