Businessman on Trial for Faking Brother’s Death in $500,000 Insurance Scam
TDT | Manama
Email : editor@newsofbahrain.com
A businessman appeared before the High Criminal Court accused of orchestrating a fake death scheme involving his brother to fraudulently claim a $500,000 life insurance payout.
The man, who was reported dead, was later discovered to be alive and living abroad.
The case revolves around a 44-year-old investor who had taken out a life insurance policy in April 2023, listing his wife as the beneficiary.
Just four months later, the insurance company received a death notice from a broker, claiming the policyholder had died in an Asian country. A claim was submitted, and a civil court initially ruled in favour of the wife.
However, when the insurance company requested supporting documents, inconsistencies began to emerge, eventually uncovering the alleged fraud.
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