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.
EXPLAINED | How The ₹1,000 Crore Torres Ponzi Scheme Duped …
22 hours ago · The Torres Ponzi scheme, a massive ₹1,000 crore scam, defrauded over 3,700 investors with promises of high returns on jewellery investments.
Torres scam: EOW arrests self-proclaimed 'whistleblower' from Pune
12 hours ago · The Economic Offense Wing (EOW) of the Mumbai Police on Sunday said that it has arrested the absconding accused and self-proclaimed 'whistleblower', Tausef Reyaz, in connection with the Torres scam.
Torres Jewellery Scam: CEO Tausif Riyaz arrested in Rs 1,000 crore ...
13 hours ago · Tausif Riyaz, CEO of Platinum Hern, has been arrested in connection with the Torres Jewellery Rs 1,000 crore investment fraud. The investigation reveals that over a lakh investors were duped through Ponzi schemes, prompting criticism of police actions and calls for a Special Investigation Team.
What is the ₹ 1,000 crore Torres Ponzi scheme which scammed …
11 hours ago · Tausif Riyaz, CEO of Torres Jewellery, has been arrested in multi-crore Ponzi scam, and remanded to police custody amid ongoing investigations. Tausif Riyaz, the CEO of Platinum Hern, the company ...
Torres Ponzi scam: CEO Tausif Riyaz arrested from hotel in Lonavala
14 hours ago · MUMBAI: Tausif Riyaz, CEO of Platinum Hern, the company that owns Torres Jewellers, has been arrested from a hotel in Lonavala, police said on Sunday. The police are investigating the multi-crore ...
Mumbai Torres Jewellery Scam: All you need to know about …
Jan 8, 2025 · 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.
Explained: The Torres investment scam in Mumbai, how it operated
Jan 12, 2025 · 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 ...
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...
Torres Investment Scam: Torres Jewellers accused of fraud | Mumbai News ...
Jan 8, 2025 · MUMBAI: Shivaji Park police on Tuesday arrested two directors and a senior executive of Platinum Hern Pvt Ltd, the company that runs Torres jewellery chain, for cheating more than 18,000 people from Mumbai, Navi Mumbai, Thane and Mira-Bhayander of crores of rupees through its investment schemes.
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