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The assailants armed with gun confronted Allen outside Sandton Sun hotel, forcibly taking away his phone, personal belongings and his bag.
The accused, Jagan of Mulayam, told the police that he saved the money given to him by his father to buy the air gun from Trichur Gun Bazar.
The incident occurred at Vivekodayam Boys Higher Secondary School in Naikkanal, near Thrissur Town.
The accused has been charged with various sections under the Arms and Explosives Act.
The accused's family alleged the police attacked their house with the support of a criminal gang damaging vehicles.
Nadakkau Police said that the wound looked self-inflicted.
Soman of Sreehari House, Neendoor, Pallippad, was shot at by his relative and neighbour Prasad (50), an ex-serviceman, at 7 pm on Tuesday
The shooter, who was in his 20s, used a Glock handgun and an AR-15 semi-automatic rifle with at least one of the firearms painted with a swastika
The police continue the search for more weapons by draining out the water from the pond using a motor.
The shooting comes less than 48 hours after a 13-year old boy shot dead nine and injured seven at a school in Belgrade before turning himself in.