Mumbai Torres Jewellery Scam: All you need to know about massive multi-crore fraud involving Russian citizen
6 days, 17 hours ago

Mumbai Torres Jewellery Scam: All you need to know about massive multi-crore fraud involving Russian citizen

Live Mint  

Mumbai fraud: Jewellery chain operator Torres Jewellers allegedly defrauded nearly 1.25 lakh investors of multi-crore value through a Ponzi scheme after promising a high return. Mint reported earlier that the company offered a 6 per cent weekly payout on investments in moissanite stones. The Free Press Journal⁠⁠⁠⁠⁠⁠ reported that the company also offered a pendant with a moissanite stone worth nearly ₹10,000 after a customer invested ₹1 lakh. Arrested & Accused Sarveh Ashok Surve, aged 30, a resident of Umerkhandi in Southern Mumbai, Uzbekistan national Tania alias Tazagul Karaxanovna Xasatova, aged 52 and Russian citizen Valentina Ganesh Kumar, 44, are the three individuals who have been arrested in the financial fraud case.

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Mumbai’s Torres jewellery scam has Ukrainian ties: What we know about Ponzi scheme and crores of investment
3 days, 1 hour ago

Mumbai’s Torres jewellery scam has Ukrainian ties: What we know about Ponzi scheme and crores of investment

Live Mint  

Investigators probing an investment scam linked to a Torres jewellery store in Dadar, Maharashtra, found that Ukraine nationals were among the key accused in the case. Officials told news agency PTI that more and more investors are coming forward to lodge a complaint According to NDTV, six stores of the Torres jewellery chain closed last week after crores of investments …

2 Ukrainian nationals among masterminds of Rs 22 crore ponzi scheme in Mumbai
3 days, 7 hours ago

2 Ukrainian nationals among masterminds of Rs 22 crore ponzi scheme in Mumbai

India Today  

Two Ukrainian nationals, including a woman, have been named as key accused in a multi-crore ponzi scheme that has duped hundreds of depositors by promising them high returns on investment in Mumbai. The FIR names several accused, including Platinum Hern Pvt Ltd, which operates the Torres Jewellers brand, its directors Sarvesh Ashok Surve, Victoria Kovalenko, Tausif Riaz alias John Carter, …

11% weekly returns? Here’s how Mumbai’s Torres Jewellers duped investors in ₹13.48 crore fraud
1 week ago

11% weekly returns? Here’s how Mumbai’s Torres Jewellers duped investors in ₹13.48 crore fraud

Live Mint  

Mumbai Fraud: A major financial scam has emerged in Mumbai involving Torres Jewellers, which has allegedly defrauded investors of over ₹13.48 crore. Torres Jewellers, operating under Platinum Haren Private Limited, launched investment schemes in February 2024 that promised enticing returns, including a 6 per cent weekly payout on investments in moissanite stones. Torres Jewellers promised high returns on gold, silver, …

Mumbai fraud: Investors gather outside Torres Jewellery office in Dadar over unpaid returns; company blames CEO
Trending News
1 week, 1 day ago

Mumbai fraud: Investors gather outside Torres Jewellery office in Dadar over unpaid returns; company blames CEO

Live Mint  

A large crowd of investors gathered outside the Torres Jewellery office in Dadar, demanding refunds for the promised returns from the company’s schemes. However, it failed to disburse instalments in the last two weeks, forcing investors to gather outside the Torres office in Dadar. Many investors were quoted saying, “We don't need interest, just the money back.” Torres Jewellery has …

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