Lucknow Consumer Commission Fines ₹10 Lakh for Fraudulent Mercedes-Benz Insurance Claim

The Lucknow Consumer Commission dismissed a fraudulent ₹29 lakh insurance claim for an alleged Mercedes-Benz theft against ICICI Lombard, imposing a ₹10 lakh penalty on the complainant.

Investigations revealed gross negligence. The vehicle was purchased for ₹3.70 lakh, from its previous owner P&G Enterprises Pvt. Ltd. but was insured at an inflated value before being falsely reported stolen.

The court flagged suspicious financial transactions and directed the Crime Branch of Gautam Buddha Nagar to investigate.

The Court ordered that the complainant is required to deposit the penalty in the CM’s Disaster Relief Fund within a month or face recovery proceedings.