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Patiala Senior Superintendent of Police Varun Sharma said that the former Inspector General of Police of Punjab has been admitted to the hospital with a bullet injury in the chest.
Chalal was one of the accused in the police firing related to anti-desecration protests in Faridkot in 2015.
In a 12-page note addressed to Director General of Police Gaurav Yadav, Chahal alleged that fraudsters operate through WhatsApp and Telegram groups under the name ‘F-777 DBS Wealth Equity Research Group’, falsely claiming links with DBS Bank and its CEO.
“With great sadness, pain and disappointment, I bring to your notice that these cyber fraudsters, posing as wealth equity advisors, have committed a fraud of Rs 8.10 crore,” the note said.
According to the note, the group lured investors by promising unusually high returns through stock trading, IPO allotments, OTC trades and so-called “quantitative funds”.
They were claiming to represent DBS Group, which, according to them, was authorized by the Government of India and SEBI to educate retail investors and help them make good money.
The note further claims that fake dashboards were created to show inflated profits, gradually building confidence among investors and inducing them to deposit huge amounts.
It also said that Chahal was repeatedly pressured to reinvest the profits and was later asked to pay huge “service charges,” “taxes” and additional charges to get his money back, which ran into several crores of rupees.
The former police officer said that despite making all payments through bank transfer, the withdrawals were never processed.
He alleged that the scam was highly organized, involving multiple bank accounts and individuals, and urged the authorities to set up a Special Investigation Team (SIT) to trace the movement of funds or hand over the case to a special central agency.
“Since this is a very sophisticated scam group, only a dedicated SIT can unearth the network and punish the people. If you deem it appropriate, it can also be handed over to a special cell of CBI or Punjab Police,” the note said.
Expressing deep grief over the financial ruin and emotional trauma, Chahal wrote that he felt devastated and embarrassed, and apologized to his family and colleagues.
He wrote, “I am extremely saddened sir, that apart from ruining my family, I have also put the Punjab Police in the question mark, whose own officer could not take care of the precautions taken.”
The note allegedly written by him read, “Sir, if anyone guilty is caught and recovery is affected, I will be very grateful and some will be given to my family so that they can pay the people from whom I borrowed the money.”
He said that except the alleged scammers, no one else is responsible for his decision. He wrote, “Sir, while advising the common people to beware of scammers, I myself have become a victim of their sophisticated methods.”
Chahal also said in the note that he used his gunman’s rifle as he had no weapon.
Police said they are investigating the firing incident and alleged fraud, examining notes, bank transactions and digital evidence.
Doctors said that when Chahal was brought to the hospital after being shot, his condition was very critical. He suffered heavy blood loss. One of the doctors said, after stabilizing the patient, a major surgery was performed, which lasted for about two and a half to three hours.
The bullet hit the chest and got stuck in the lungs, he said, adding that the bullet was successfully removed during the operation.
The doctor said that Chahal will remain under observation in the hospital for the next 12 to 24 hours. The doctor said, it is difficult to say how much time will it take for him to recover.