According to a news release from the agency, two accused of defrauding LIC of India were sentenced to five years in prison and a fine of Rs 12 lakh each by a Special CBI (Central Bureau of Investigation) Lucknow. Manish Kumar Srivastava and Braj Kumar Pandey have been named as the defendants.
The press statement read, "The CBI Court, Lucknow, on 24.12.2025, has sentenced two private persons, namely, Braj Kumar Pandey and Manish Kumar Srivastava to Five Years Imprisonment with a fine of Rs. 12 Lakh each for cheating LIC."
The current case was filed by the Central Bureau of Investigation in response to claims that Pradeep Kumar Pandey worked as a Micro Processing Operator at the Career Agents Branch (CAB).
Between November 2001 and April 2003, LIC of India at Gorakhpur engaged in a criminal conspiracy with a few unidentified individuals to defraud LIC of India of Rs. 15,22,689.
He also profited by using Branch Officials passwords fraudulently, fabricating policy masters and Salary Saving Scheme errors to enable fraudulent payments under 20 policies.
On January 1, 2007, the CBI filed a chargesheet against five private individuals, including Braj Kumar Pandey, Manish Kumar Srivastava, Pankaj Kumar Rawat, Amar Nath Pandey, and Dhananjay Kumar Upadhyaya, as well as Pradeep Kumar Pandey, Micro Processing Operator, LIC of India, Divisional Office, Gorakhpur.
Following the trial, the court found both Braj Kumar Pandey and Manish Kumar Srivastava guilty and sentenced them appropriately.
Due to insufficient evidence, the Ld. Trial Court cleared Pankaj Kumar Rawat and Dhananjay Kumar Upadhyaya of all allegations against them. Amar Nath Pandey and Pradeep Kumar Pandey, the accused, passed away during the trial.
