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Ex-Army Officer and Ex-Jaguars Financial Manager Embroiled in High-Profile Fraud Cases

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Dil Bar Irshad
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Ex-Army Officer and Ex-Jaguars Financial Manager Embroiled in High-Profile Fraud Cases

In an unfolding saga of deceit and betrayal, two ex-military personnel find themselves at the center of multi-crore fraud allegations. The accused, Amarjeet Singh Shahi, a former army officer who later served in the Uttar Pradesh Police, is accused of conning his fellow officers out of a staggering 8 crore (approximately 1.05 million USD).

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A Network of Deceit

The victims, a group of 20 high-ranking officers including brigadiers, colonels, and captains, claim they were swindled by Shahi's promises of lucrative returns on investments in a private firm he purported to own. Some of these victims were Shahi's former batchmates, highlighting the deep-rooted betrayal in this intricate web of deceit.

Unmasking the Fraud

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Shahi's alleged scheme was laid bare at a press conference held by the defrauded officers at the Chandigarh Press Club. They provided detailed accounts of how Shahi fabricated financial statements and misused their funds, allegedly for purchasing property. The officers have since lodged complaints with the Chandigarh Police's economic offences wing.

Legal Implications

Shahi, who was previously convicted for raping a minor and is currently out on bail pending an appeal, denies these accusations. He threatens to sue the claimants for defamation, adding a contentious layer to this ongoing investigation. However, the police remain undeterred, stating that an FIR (First Information Report) will be lodged if the allegations are proven to be criminal.

In a parallel scenario across the globe, a former financial manager for the Jacksonville Jaguars, Amit Patel, is being accused of stealing more than $22 million from the franchise through its virtual credit card program. Patel, who was in charge of the program, allegedly duplicated and inflated expenses while filing fake transactions.

From 2019 to 2023, he reportedly used the stolen money for personal gain, buying vehicles, a condominium, a watch, and cryptocurrency, in addition to placing bets with online gambling sites. He also allegedly splurged on sports memorabilia, a country club membership, spa treatments, and tickets to sporting events and concerts. The Jaguars confirmed Patel's termination in February 2023 and have been cooperating with the FBI and the U.S. Attorney’s Office. Patel's attorney has yet to respond to the allegations.

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