Explained: The Torres investment scam in Mumbai, how it operated
4 days ago · Mumbai Torres investment scam: The Mumbai police Economic Offences Wing (EOW) on Thursday (January 10) searched six locations in the Torres Ponzi scheme case and seized around Rs 3 crore and various incriminating documents linked to the alleged investment fraud. Torres, a jewellery store with showrooms in six locations across Maharashtra, is accused of offering high-returns investment ...
Multi-crore Torres investment scam: 1,535 complaints received by …
MUMBAI: EOW investigates Torres jewellery scam with 1,535 complaints; ₹9 crore seized. Three Ukrainians named as key accused in major Ponzi scheme. | Mumbai news
Mumbai’s Torres jewellery scam has Ukrainian ties: What we
2 days ago · Mumbai’s Torres scam: The Torres jewellery company was accused of cheating investors of crores of rupees through a combination of Ponzi and multi-level marketing (MLM) schemes.
Mumbai Torres Jewellers fraud: How a vegetable vendor exposed …
Jan 7, 2025 · Torres Dadar news: Mumbai police registered an FIR against Torres Jewellers' directors and CEO for defrauding investors over ₹13.48 crore. The company promised lucrative returns but stopped payments in December 2024. The Economic Offences Wing will investigate. Torres Jewellers counter-claimed theft by their CEO and Chartered Accountant. No arrests have been made yet.
Ukrainian Masterminds Behind Mumbai's Torres Scam, Probe
3 days ago · People had invested lakhs of rupees in schemes promising returns, according to the news outlet. The company initially disbursed the instalments of the scheme. However, it failed to disburse instalments in the last two weeks, forcing investors to gather outside the Torres office in …
Mumbai Torres Jewellery Scam: All you need to know about …
6 days ago · Business News News IndiaMumbai Torres Jewellery Scam: All you need to know about massive multi-crore fraud involving Russian citizen. More Less. First Published: 8 Jan 2025, 07:34 PM IST.
2 Ukrainian nationals among masterminds of Mumbai Torres …
2 days ago · The complainant, Pradeep Kumar Mamraj Vaishya, a vegetable vendor residing in Nariman Point, reported the alleged fraud, which occurred between June 21 and December 30, 2024. Listen to Story Two Ukrainians accused in Torres Jewellers' investment scam Case of cheating, criminal conspiracy lodged ...
Three held in connection with Torres investment scam
2 days ago · “The Mira-Bhayandar, Vasai-Virar police on Saturday (January 11, 2025) arrested three persons for their alleged association with the jewellery company that owns the Torres brand,” an official ...
Mumbai scam: Torres Jewellery owner flees, leaving ... - News9Live
Jan 6, 2025 · Mumbai scam: A large crowd of investors has gathered outside the Torres Company office in Dadar, demanding the return of their principal investments. The company has failed to deliver the promised payments, leaving many investors, who have reportedly invested substantial sums amounting to lakhs of rupees in the company's schemes, in distress.
Explainer: Torres Jewellers Rs 13.48 crore scam claim in Mumbai
Jan 7, 2025 · The scam revolves around investment schemes floated by Torres Jewellers, operated by Platinum Hern Private Ltd, which offered lucrative returns to investors. The schemes, launched in February 2024 ...
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