Cancer insurance fraudster jailed for six years over £1.8m scam

Received £1.2m from protection policy

John Brazier
clock • 3 min read

A former investment banker has been sentenced following a fraudulent cancer claim on a life insurance critical illness policy and an investment scam, totalling nearly £2m.

Rajesh Ghedia, 42, was sentenced to six years and nine months in prison at Southwark Crown Court on 17 June and will now be subject to confiscation proceedings. Having taken out a life insurance policy, which included critical illness cover valued at £1.2m should he be diagnosed with a terminal illness, in March 2017, Ghedia also signed up to a number of pension schemes that would provide access funds in the event he be given less than 12 months to live. In October 2022, Ghedia made contact with one of the pension plan providers stating that he had been diagnosed with pancreatic cance...

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