The charge sheet filed by the city police in the multi-crore Torres scam reveals that the accused offered two percent higher returns on cash investments and avoided online transactions to facilitate fund misappropriation. (Pics/Atul Kamble)
Updated on : 25 March,2025 08:51 PM IST | Compiled by : Anisha Shrivastava
Investors were also encouraged to buy moissanite stones and gold/silver jewelry through cash, claimed the charge sheet, filed before a local court a few days ago
The charge sheet also states that investors were also encouraged to buy moissanite stones and gold/silver jewelry through cash
The company also offered expensive gifts such as flats, cars, mobile phones and television sets to entice customers
The charge sheet stated that a two per cent higher return rate was offered on cash investments to enable the misappropriation of funds, while online payments were deliberately avoided under excuses like slow internet or network issues
The city’s Economic Offences Wing has arrested seven individuals in connection with the case so far
