What Is Rs 1,000 Crore Torres Ponzi Scheme That Duped 3,700?
8 hours ago · The Mumbai Police’s Economic Offences Wing (EOW) arrested the CEO of Platinum Hern, Tausif Riyaz, in connection with a multi-crore ponzi scam. Platinum Hern is the company behind the controversial ornament brand ‘Torres Jewellery’ which is accused of being involved in a Rs 1,000-crore fraud, according to reports.
Multi-crore Torres Jewellery scam: ED freezes - Hindustan Times
1 day ago · ED raids 13 locations in Mumbai, Jaipur in Torres Jewellery scam, freezing ₹21.75 crore linked to fraudulent investment schemes under PMLA. | Mumbai news
Mumbai Torres Jewellery Scam: CEO Tausif Riyaz Arrested from …
10 hours ago · Mumbai, Maharashtra (January 26, 2025): Police achieved a major breakthrough in the Torres Jewellers scam involving a financial fraud of ₹1,000 crore. Tausif Riyaz, the CEO of Platinum Hern, the parent company of Torres Jewellers, was arrested on Sunday, January 26. Upon being presented before the ...
What is the ₹ 1,000 crore Torres Ponzi scheme which scammed …
12 hours ago · The Torres Ponzi scam came to light in December 2024 when hundreds of investors gathered at the Torres Vastu Centre in Dadar, Mumbai, after the company stopped making promised payments.
EXPLAINED | How The ₹1,000 Crore Torres Ponzi Scheme Duped …
23 hours ago · The Beginning of the Torres Ponzi Scheme. The scam came to light in December 2024 when hundreds of distressed investors gathered outside Torres Vastu Centre in Dadar, Mumbai.
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.
Torres Ponzi scheme: ED freezes bank accounts worth Rs 21 crore
2 days ago · A day after the Directorate of Enforcement (ED) conducted searches at 13 locations in Mumbai and Jaipur in connection with the money laundering case involving the Torres Ponzi scheme, the agency on Friday said that it has seized a number of incriminating documents, digital evidence, and has also frozen the bank accounts of Platinum Hern Pvt Ltd (Torres Jewellery) and its associates, amounting ...
Torres Company Scam: ₹1,000 Crore Fraud, 1.25 Lakh Investors …
Jan 7, 2025 · Mumbai: A massive investment scam by the foreign-based Torres Jewelry company has left over 1.25 lakh investors defrauded of ₹1,000 crore. The company, which promised high returns on jewelry...
Mumbai Torres Jewellers fraud: How a vegetable vendor exposed …
Jan 7, 2025 · Thousands of investors in the Mira-Bhayander area face potential losses after the Torres Jewellery Company abruptly closed its doors. Investors discovered the closure on Monday when they found the store shuttered. The company, operating under Platinum Haren Private Limited, registered in 2023.
Mumbai: ED searches in Torres Ponzi case linked money …
3 days ago · News; Cities; Mumbai; Mumbai: ED searches in Torres Ponzi case linked money laundering case; Mumbai: ED searches in Torres Ponzi case linked money laundering case The jewellery company that owns the Torres brand is accused of cheating investors of crores of rupees through a combination of Ponzi and multi-level marketing (MLM) schemes.
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