Retd army colonel duped of Rs 3 cr

Tribune News Service

New Delhi, October 20

A retired army colonel has filed a complaint with the Delhi Police's Economic Offences Wing (EOW) saying that he was allegedly duped of more than Rs 3 crore on the pretext of investing in insurance policies, a senior EOW officer said stating that they are probing the matter.

In his complaint, the victim, Colonel Raghujit Singh said he was enticed into investing in some life insurance companies and gave an insurance agent and his accomplice approximately Rs 50 lakh through various bank transfers.

Colonel Singh said in his complaint that insurance agent switched off his cell phone in August 2014.

In September 2017, he was contacted by a man claiming to be an advocate at the National Insurance Council, who assured him he would get his lost money back.

Between October 2017 and August 2018, Colonel Singh transferred around Rs 2.40 crore to the advocate and his accomplices in the name of better bonuses and getting his lost money back with interest.

Colonel claimed that he even borrowed Rs 69 lakh from his friends to pay money to the advocate.

However, after September 29, their phones were switched off, Col Singh said.