The officials said that the total amount that was allegedly cheated in the Ponzi scheme stands at Rs 142.58 crore
17 March,2025 06:58 PM IST | Mumbai | Faizan Khan
The investment scam revolves around Platinum Hern Pvt Ltd, the company behind the Torres jewellery brand, which has been accused of defrauding investors through a Ponzi scheme and multi-level marketing tactics
20 February,2025 06:05 PM IST | Mumbai | Faizan Khan
Ukrainian actor Armen Ataine, arrested in the Torres investment scam, was found to have a forged birth certificate and falsely claimed Indian nationality. The fraud, which has affected over 10,000 investors, has seen over Rs 57 crore defrauded.
04 February,2025 04:10 PM IST | Mumbai
Inquiry alleges assistant inspector did nothing despite receiving whistleblower’s letter; he insists he did all he could in the case; the officer, Ashwinikumar Kagale, told mid-day that his seniors were attempting to make him a scapegoat
30 January,2025 11:30 AM IST | Mumbai | Apoorva Agashe
The officials said that he is accused of assisting the alleged Ukrainian masterminds involved in the case
28 January,2025 08:06 PM IST | Mumbai | Faizan Khan
The officials said that Tausef Reyaz was arrested by the EOW on Saturday night near Pune district of Maharashtra
26 January,2025 03:43 PM IST | Mumbai | Faizan Khan
The Enforcement Directorate has raided locations in Mumbai and Jaipur as part of its investigation into the Torres Ponzi scheme, which has allegedly defrauded over 3,700 investors.
23 January,2025 01:02 PM IST | Mumbai
Bombay High Court has also called for a mechanism to be put in place so as to avoid such scams in future and protect citizens
23 January,2025 08:15 AM IST | Mumbai | Agencies
EOW officials found Rs 15.81 crore in various bank accounts linked to those accused of committing the alleged scam, an official said
15 January,2025 11:02 PM IST | Mumbai | mid-day online correspondent
Mumbai
EOW joint commissioner says whenever you come across an organisation offering unusually high returns, it should be considered a major red flag
15 January,2025 08:24 AM IST | Mumbai | Faizan KhanADVERTISEMENT
