Torres ponzi scheme: Over 10,000 investors duped, fraud amount at Rs 117 crore, say police

The serviceman besides said that a forensic auditor would beryllium appointed soon to scrutinise the financing irregularities conducted successful the accused institution Platinum Hern Pvt Ltd, which runs the Torres jewellery marque and is accused of promising precocious returns concern opportunities to investors and aboriginal duping them.

On January 6, 2025, erstwhile the FIR was archetypal registered successful the case, 38 victims investors had reported a full nonaccomplishment of Rs 13.48 crore.

Meanwhile, the peculiar tribunal sent 2 of the arrested accused successful the Torres lawsuit to judicial custody for 2 weeks.

The accused, Mohammed Tausif Reyaz and Armen Ataine, were arrested by the Economics Offences Wing of the Mumbai constabulary past week and produced earlier the tribunal connected Monday.

So acold six persons person been arrested successful the lawsuit — CEO Tausif Reyaz, wide manager and Uzbekistan nationalist Taniya Xasatova alias Tazagul Karaxanovna Xasatova, manager Sarvesh Ashok Surve, store in-charge Valentina Ganesh Kumar, alleged hawala relation Alpesh Khara and a Ukrainian nationalist Armen Atayin. All of them are successful judicial custody but Reyaz, who was taken into custody by Navi Mumbai constabulary connected Monday.

Eight Ukrainians and a Turkish nationalist are wanted successful the case. The Mumbai constabulary precocious managed to get an Interpol Blue Corner announcement issued against them.

The EOW informed the tribunal that successful its ongoing probe truthful acold Rs 18.47 crore has been freezed from assorted accounts of Platinum Hern Pvt Ltd.

Reyaz is the CEO of the company, portion the constabulary claimed that Ataine, a Ukranian national, is an histrion who was helping the different masteminds successful the case.

The constabulary told the tribunal that during its probe it recovered that Ataine was claiming to beryllium an Indian national and had submitted his commencement certificate, Aadhaar card and different documents. The constabulary suspected their authenticity and hence wrote to the civic body-BMC’s ward office, to verify the commencement certificate. No records were recovered astatine the office. The EOW informed the tribunal that they person written to the zonal lawman commissioner of constabulary astir the alleged forgery for further action.

Meanwhile, an involution exertion by immoderate of the investors, has sought that a Special Investigation Team beryllium acceptable up and a forensic audit beryllium conducted successful the case.

The Ukrainian masterminds successful the lawsuit are suspected to person sent Rs 200 crore abroad, arsenic claimed successful the emails sent by alleged whistleblowers to the constabulary and different instrumentality enforcement agencies earlier the substance became public.

The enforcement directorate (ED) has besides registered a wealth laundering lawsuit successful the substance and sought support from the tribunal to interrogate the accused persons and grounds their statements, successful the judicial custody.