This theory is absurd.
Nevertheless, Military must keep in check the retired personnel, these people get jobs immediately or sometimes not (depends on personal choice as well as luck sometimes).
Our nation in mass is not familiar with internet scams, the story of how This Col was lured in by India to Nepal (?) for the sake of job and then all shit happened, This was utter stupidity by him, no offense to the loved ones from his family if you are reading, My sympathies and prayers were always with him, but such an unplanned and childish act could have been avoided. Surprised that he was actually a Colonel for Army, PMA should introduce modern courses keeping in mind 5th Gen warfare, Yellow journalism, Online thefts/Scams, Authenticity Validation/Verification and how to avoid any unfortunate circumstances. It really should be a must for Military personnels.