Torres jewellery scam: Accountant alerted police, but action delayed
2 months, 2 weeks ago

Torres jewellery scam: Accountant alerted police, but action delayed

Hindustan Times  

MUMBAI: Three days after the massive ₹1,000-crore investment scam involving the Torres jewellery firm came to light, the police revealed that its head accountant, Abhishek Gupta, had raised the alarm. Torres jewellery scam: Accountant alerted police, but action delayed According to the police, Gupta first submitted his complaints on December 30 and attempted to meet with several officials to detail the alleged fraud. Despite his efforts, the main accused managed to flee before a planned raid by Navi Mumbai Police at the company’s Sanpada store. Gupta, who has reportedly been receiving threatening calls, approached the Shivaji Park police station on Wednesday seeking protection.

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History of this topic

Torres fraud: Charge sheet names 8 accused, 11 wanted accused
1 week, 1 day ago

Torres fraud: Charge sheet names 8 accused, 11 wanted accused

Hindustan Times  

MUMBAI: The Economic Offences Wing of the Mumbai Police on Monday filed a 27,147-page charge sheet in the multi-crore Torres Jewellery fraud case. Torres fraud: Charge sheet names 8 accused, 11 wanted accused “We have filed the charge sheet in 69 days. We have also named the company’s general manager Tania alias Tazagul Xastova; a Russian-born employee Valentina Ganesh Kumar; …

Torres fraud: Court allows ED to quiz four jailed accused
1 month ago

Torres fraud: Court allows ED to quiz four jailed accused

Hindustan Times  

MUMBAI: A special PMLA court on Tuesday allowed the Enforcement Directorate to question four prime accused in the Torres Jewellery fraud lodged in two jails in the city. The four arrested accused, in judicial custody at the Byculla and Arthur Road jails, are Tausif Riyaz, Chief Executive Officer of Platinum Hern, the holding company of Torres Jewellery; Tazagul Xasatova; Valentina …

Torres scam: Ukrainian actor says he was falsely implicated
1 month, 1 week ago

Torres scam: Ukrainian actor says he was falsely implicated

Hindustan Times  

MUMBAI: Ukranian actor Armen Garuh Ataian, arrested in connection with the ₹1,000-crore Torres Jewellery scam, has claimed that he had nothing to do with the business and was falsely implicated in the case. Armen Garuh Ataian In a bail plea filed before the special MPID court on Thursday, the 48-year-old actor has claimed that his role was limited to arranging …

Torres Jewellery scam: Mumbai police makes 6th arrest, nabs Ukrainian actor Armen Ataine
Trending News
1 month, 3 weeks ago

Torres Jewellery scam: Mumbai police makes 6th arrest, nabs Ukrainian actor Armen Ataine

Live Mint  

Torres Jewellery scam: Mumbai police on Tuesday arrested a Ukrainian actor, Armen Ataine, in connection with the multi-crore Torres jewellery scam. An Economic Offences Wing official said Armen Ataine is accused of assisting the alleged Ukrainian masterminds involved in the case, as reported by the news agency PTI. Notably, Armen Ataine participated in the first two important meetings for opening …

Mumbai police arrest Torres CEO in multi-crore investment fraud case
1 month, 3 weeks ago

Mumbai police arrest Torres CEO in multi-crore investment fraud case

The Hindu  

The Economic Offences Wing of Mumbai Police, which is investigating the multi-crore Torres investment fraud, has arrested the company's Chief Executive Officer Tausif Riyaz from Lonavala, officials said. Riyaz, also known as John Carter, had been absconding since a financial fraud case was registered at the Shivaji Park Police Station. According to officials, more than 3,700 investors have so far …

Mumbai jewellery brand CEO arrested in multi-crore Torres ponzi scheme
1 month, 3 weeks ago

Mumbai jewellery brand CEO arrested in multi-crore Torres ponzi scheme

India Today  

The Mumbai Police's Economic Offences Wing has arrested Tausif Riyaz, the CEO of Torres Jewellery, in connection with over a 57 crore investment fraud case. Riyaz, also known as John Carter, who had been absconding since the case was registered at Shivaji Park Police Station, was arrested in Lonavala on Monday based on specific intelligence. The fraud surfaced when hundreds …

What is the ₹1,000 crore Torres Ponzi scheme which scammed 3,700? Details here
2 months ago

What is the ₹1,000 crore Torres Ponzi scheme which scammed 3,700? Details here

Hindustan Times  

Tausif Riyaz, the CEO of Platinum Hern, the company behind the controversial Torres Jewellery brand, was arrested by Mumbai Police’s Economic Offences Wing on Sunday in connection with a multi-crore Torres Ponzi scam. The arrest comes amid an ongoing investigation into Torres Jewellery’s fraudulent investment scheme, which has left over 3,700 investors with substantial financial losses. The investigation The Torres …

Torres Ponzi scam in Mumbai: Platinum Hern CEO Tausif Riyaz arrested from Lonavala hotel
2 months ago

Torres Ponzi scam in Mumbai: Platinum Hern CEO Tausif Riyaz arrested from Lonavala hotel

Live Mint  

Tausif Riyaz, CEO of Platinum Hern, was arrested from a Lonavala hotel on Sunday, January 26, by Mumbai Police's Economic Offences Wing in connection with the multi-crore Torres Ponzi scam. Fifth accused to be apprehended in the Torres Ponzi scam case, Taurif Riyaz was produced before a court in Mumbai which sent him to the police custody until February 3. …

Multi-crore Torres Jewellery scam: ED freezes ₹21.75 crore, seizes documents, digital evidence
2 months ago

Multi-crore Torres Jewellery scam: ED freezes ₹21.75 crore, seizes documents, digital evidence

Hindustan Times  

MUMBAI: The Enforcement Directorate, which is investigating the multi-crore Torres Jewellery scam, conducted searches at 13 locations across Mumbai and Jaipur, resulting in the seizure of several documents, digital evidence, and the freezing of bank accounts totaling ₹21.75 crore. The action was taken under the provisions of the Prevention of Money Laundering Act, 2002, in connection with fraudulent investment schemes …

ED launches probe into Torres fraud, conducts searches in the city, Jaipur
2 months ago

ED launches probe into Torres fraud, conducts searches in the city, Jaipur

Hindustan Times  

MUMBAI: The city unit of the Enforcement Directorate on Thursday launched an investigation into a money-laundering case linked to the multi-crore Torres Jewellery fraud, carrying out searches at several locations in Mumbai and Jaipur. Mumbai, Jan 06 : Police personnel stand guard outside Torres Company’s office after Investors gather in large numbers demanding the return of their principal amounts after …

Torres ponzi case: Enforcement Directorate searches 10-12 locations in Mumbai, Jaipur
Trending News
2 months ago

Torres ponzi case: Enforcement Directorate searches 10-12 locations in Mumbai, Jaipur

The Hindu  

“The Enforcement Directorate on Thursday conducted searches in the Torres investment “fraud” linked money-laundering case where a number of investors have been allegedly duped,” officials said. The federal agency had some time back filed a criminal complaint under the Prevention of Money Laundering Act taking cognisance of a Mumbai Police Economic Offences Wing FIR to initiate investigation. The jewellery company …

Mumbai: ED searches in Torres Ponzi case linked money laundering case
Trending News
2 months ago

Mumbai: ED searches in Torres Ponzi case linked money laundering case

Hindustan Times  

Mumbai, The Enforcement Directorate on Thursday conducted searches in the Torres investment "fraud" linked money laundering case where a number of investors have been allegedly duped, officials said. Mumbai: ED searches in Torres Ponzi case linked money laundering case About 10-12 locations in Mumbai and Jaipur in Rajasthan are being raided, they said. The federal agency had some time back …

EOW Mumbai will probe all Torres fraud cases: State to HC
2 months ago

EOW Mumbai will probe all Torres fraud cases: State to HC

Hindustan Times  

MUMBAI: The state government on Wednesday informed the Bombay high court that all four first information reports registered in connection with the alleged fraud perpetrated through Torres Jewellery stores will be transferred to the Economic Offences Wing of Mumbai police. EOW Mumbai will probe all Torres fraud cases: State to HC After both agreed to the suggestion, the court said, …

Torres scam: HC raps police, says nobody acted with alacrity
2 months ago

Torres scam: HC raps police, says nobody acted with alacrity

Live Mint  

Mumbai, Jan 22 The Bombay High Court on Wednesday said police officials committed dereliction of duty by failing to take prompt action in the Torres investment scam. The police "need to be alive to what is happening" and take prompt action so that commoners do not lose their hard earned money, it said. The high court last week ordered the …

High Court orders protection for whistleblower in multi-crore Torres scam case
2 months, 1 week ago

High Court orders protection for whistleblower in multi-crore Torres scam case

India Today  

The Bombay High Court on Wednesday directed Mumbai Police to provide protection to Abhishek Gupta, a whistleblower who exposed the multi-crore Torres investment scam, while criticising the police for their lethargy in investigating the case. The court ordered the preservation of CCTV footage from the offices of the Mumbai Police Commissioner and the EOW, spanning December 30, 2024, to January …

Bombay HC raps police for lax investigation in Torres jewellery scam
2 months, 1 week ago

Bombay HC raps police for lax investigation in Torres jewellery scam

Hindustan Times  

MUMBAI: The Bombay high court on Wednesday pulled up the Economic Offences Wing of Mumbai police for being unable to trace the Ukrainian nationals who are among the prime accused in the Torres jewellery scam despite taking charge of the case more than a week ago. According to the First Information Report in the case, the Torres jewellery chain operated …

Bombay HC remarks on slow-paced investigation, orders protection for whistleblower in Torres scam case
Trending News
2 months, 1 week ago

Bombay HC remarks on slow-paced investigation, orders protection for whistleblower in Torres scam case

The Hindu  

The Bombay High Court on Wednesday came down heavily on the Mumbai Police over the slow-paced investigation into the alleged Torres investment scam, and ordered immediate interim police protection for the Chartered Accountant who is the whistleblower in the case. The High Court directed the EOW to store the entrance and exit CCTV footage of the EOW’s Mumbai office from …

ED registers money laundering case in Torres Ponzi case
2 months, 1 week ago

ED registers money laundering case in Torres Ponzi case

The Hindu  

The Enforcement Directorate has registered a money laundering case to probe the Torres investment "fraud" of about ₹38 crore where a number of investors have been allegedly duped, officials said on Tuesday. The federal agency has taken cognisance of a Mumbai Police FIR to book a case under the criminal sections of the Prevention of Money Laundering Act, the officials …

Mumbai: ED registers money laundering case in Torres Ponzi case
2 months, 1 week ago

Mumbai: ED registers money laundering case in Torres Ponzi case

Hindustan Times  

Mumbai, The Enforcement Directorate has registered a money laundering case to probe the Torres investment "fraud" of about ₹38 crore where a number of investors have been allegedly duped, officials said on Tuesday. Mumbai: ED registers money laundering case in Torres Ponzi case The federal agency has taken cognisance of a Mumbai Police FIR to book a case under the …

Mumbai’s Torres jewellery scam has Ukrainian ties: What we know about Ponzi scheme and crores of investment
2 months, 2 weeks 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 …

Multi-crore Torres investment scam: 1,535 complaints received by Mumbai police so far
2 months, 2 weeks ago

Multi-crore Torres investment scam: 1,535 complaints received by Mumbai police so far

Hindustan Times  

MUMBAI: The Economic Offences Wing of the Mumbai Police, which has taken over the investigation into the multi-crore investment scam involving the Torres jewellery firm, said they received complaints from 1,535 investors. Multi-crore Torres investment scam: 1,535 complaints received by Mumbai police so far During search operations at the chain’s main store in Dadar on Saturday, authorities seized cash, gold, …

Multi-crore Torres Ponzi scam: Police waiting for threat perception report in whistle blower’s plea for protection
2 months, 2 weeks ago

Multi-crore Torres Ponzi scam: Police waiting for threat perception report in whistle blower’s plea for protection

Hindustan Times  

MUMBAI: The state government on Friday informed the Bombay high court that the additional commissioner of police was waiting for a threat perception report before responding to the application for police protection filed by Abhishek Gupta, a chartered accountant, who claims to be the whistle-blower in the Torres Jewellery fraud. The jewellery store chain defrauded more than 125,000 investors from …

Torres whistle-blower approaches HC, seeks police protection
2 months, 2 weeks ago

Torres whistle-blower approaches HC, seeks police protection

Hindustan Times  

MUMBAI: Chartered accountant Abhishek Gupta, who claims to be the whistle-blower in the multi-crore Torres Jewellery fraud, has approached the Bombay High Court seeking police protection, fearing for his life. Chartered accountant Abhishek Gupta, who claims to be the whistle-blower in the multi-crore Torres Jewellery fraud, has approached the Bombay High Court seeking police protection The petition, filed through advocate …

Mumbai Torres Jewellery Scam: All you need to know about massive multi-crore fraud involving Russian citizen
2 months, 2 weeks 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 …

Mumbai fraud: Investors gather outside Torres Jewellery office in Dadar over unpaid returns; company blames CEO
Trending News
2 months, 2 weeks 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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