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, Tania Kasatova, and Valentina Kumar. The police have received 1,535 complaints against the company, which allegedly lured investors by promising high returns on investments in moissanite stones. TORRES JEWELLERS ACCUSES CEO, CA OF THEFT Meanwhile, Torres Jewellers released a statement on its website accusing its CEO, Tausif Riaz, and chartered accountant Abhishek Gupta of theft and vandalism.

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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 …

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 …

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