Rtd colonel duped of over Rs 1 crore

New Delhi: A retired Army Colonel fell into the trap of fraudsters who duped him of more than one crore rupees. The Economic Offences Wing (EOW) has registered a case in this regard and started their investigation.

The complainant told police that the fraud took place in the name of Army Group Insurance Fund (AGIF). Police said that the victim was a retired Colonel from Army Service Corps and presently settled in Pune.

"One day, the retired Army officer received a phone call. After getting convinced by the fraudster about the insurance policy, the victim paid one crore two lakh and twenty-four thousand rupees in his (caller) account," police

said.

Adding further, police said that the modus operandi of these callers are simple that they enticed the officer by promising him a large amount of money from AGIF in consideration of a small sum of money which is to be paid by cheque or transferred to an account.

"Later the fraudster won the trust of the retired officer by telling him his family details, bank details, EIC number, landline number etc. Once they gained the trust they inform the victim about his balance of maturity/extended insurance amount which is going to lapse soon if not claimed by the victim," police said.

Further, the caller demanded some money. The officer deposited the amount and was duped.

The EOW has registered a case under sections 420 (cheating and dishonestly inducing delivery of property) and 120 B (Punishment of criminal conspiracy) of IPC.