Former Punjab IPS Officer's Alleged Suicide Note Exposes Major Fraud Scheme

Allegations of Fraud by Former IPS Officer

A former IPS officer from Punjab, Amar Singh Chahal, reportedly attempted suicide, and his alleged suicide note has gone viral on social media. In this note, Chahal claims to have fallen victim to cyber fraudsters posing as wealth management advisors, who deceived him out of ₹8.10 crores.

Chahal submitted a detailed 12-page note to the DGP, outlining his experience of being scammed through an investment scheme.

Details of the Fraud

In his note, he elaborated on how he was tricked under the pretense of investment opportunities. The fraudsters, masquerading as wealth equity advisors, managed to siphon off his funds.

One of the scammers even claimed to be the CEO of DBS Bank. They lured him in with promises of profits from IPOs and OTC shares.

Chahal transferred over ₹8 crores through three different bank accounts, only to discover that the profits displayed on the dashboard were fabricated.

When he attempted to withdraw his funds, he faced harassment and extortion.

Lack of Awareness Among Friends and Family

Friends of Amar Singh revealed that no one was aware of the fraud he was experiencing. According to his note, after trying to withdraw his invested amount, he was subjected to intimidation and extortion.

When he sought to withdraw ₹5 crores, the scammers demanded ₹2.25 crores under the guise of a 1.5% service fee and a 3% tax. Even after this payment, they refused to release his funds and subsequently demanded an additional ₹2 crores.

They also requested ₹20 lakhs as a premium membership fee. Neither his close friends nor neighbors were aware of this scam, and even his family had no knowledge of it.