Chandigarh: Police have frozen around 25 bank accounts and secured transactions worth approximately ₹3 crore out of a total ₹8.10 crore in a cyber fraud case linked to retired Punjab Inspector General Amar Singh Chahal. Investigations have revealed that the accused were operating from Maharashtra.
Officials said the high-level investigation team is tracking the suspects using banking trails and technical evidence to apprehend them. So far, three main accused have been identified, and police suspect the involvement of at least 10 individuals in the network.
The fraudsters allegedly lured victims by promising high returns through share trading schemes and withdrew money from the retired IG’s account, transferring it through multiple accounts to obscure the trail.
The statement of Amar Singh Chahal is yet to be recorded. Police said it is expected to be taken at the hospital on Sunday after obtaining permission from doctors. Authorities believe crucial revelations could follow once his statement is recorded.
Patiala police coordinated with banks to freeze the accounts, successfully securing a large portion of the defrauded amount. Investigators continue to work to identify and apprehend all those involved.
