A retired Army colonel was allegedly duped by two men of more than Rs 3 crore on the pretext of investing in insurance policies. The issue came to light after the colonel filed a police complaint with the Delhi Police's Economic Offences Wing (EOW) on Thursday. According to a senior police official, the victim, Colonel Raghujit Singh, in his complaint, said he was enticed into investing in some life insurance companies and gave an insurance agent and his accomplice approximately d he was enticed into investing in some life insurance companies and gave an insurance agent and his accomplice approximately Rs 50 lakas contacted by a man claiming to be an advocate at the National Insurance Council who assured him he would get his lost money back with interest. Between October, 2017 and August, 2018, Colonel Singh transferred around Rs 2.40 crore to the advocate and his accomplices ," said the senior police official. However, after September 29, their phones were switched off, Colonel Singh said. Police said they are probing the matter and trying to identify the accused persons.