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ED conducts raids successful Mumbai and Jaipur successful transportation with Torres Ponzi strategy wealth laundering investigation. (Source: File Photo)
Torres Ponzi strategy case: The Mumbai portion of the Enforcement Directorate that is probing the lawsuit pertaining to the wealth laundering successful the Torres Ponzi strategy conducted raids astatine 13 locations including 10 successful Mumbai and 3 successful Jaipur connected Thursday. The bureau had registered an Enforcement Case Investigation Report (ECIR) connected January 13 aft Mumbai constabulary registered a lawsuit of cheating and arrested 3 individuals.
The ED’s lawsuit is based connected the FIR registered by the Mumbai’s Shivaji Park constabulary presumption successful which the complainant, rootlike vendor Vaishya, 31, has claimed that 1.25 lakh radical invested money successful the Torres company. Initially, the police’s FIR stated an magnitude of Rs 13.85 crore of 66 investors. Later, the lawsuit was transferred to the Mumbai police’s Economic Offences Wing, who revealed that much than 2,000 investors came guardant and gave details of their investments worthy Rs 37 crore.
The EOW has arrested Tazagul Xasatov, a Uzbekistan national, Valentina Ganesh Kumar, a Russian OCI and Sarvesh Surve, who worked arsenic elder executives successful the firm. EOW has besides arrested alleged hawala operators Alpesh Khara.
The constabulary person besides issued bluish country notices against eight absconding Ukrainians and a Turkish national.
The cardinal bureau has scrutinised wealth transactions including the overseas remittance of Platinum Hern Pvt Ltd, the genitor institution of Torres, since its inception successful February 2023 and connected the ground of its finding, the ED conducted searches astatine 13 locations successful Mumbai and Jaipur.
As per officials, the alleged whistleblowers person claimed that the investors were encouraged to marque investments successful cash. The currency was aboriginal centrally collected astatine Dadar and done alleged hawala operators would beryllium converted into USDT (crypto currency) to beryllium illegally sent abroad.
The whistleblowers person claimed that the Ukrainian masterminds of the Torres fraud lawsuit are suspected to person sent Rs 200 crore overseas and the bureau is probing the claim.
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