Articles
How the Torres scam was built: EOW files massive charge sheet
27,000-page charge sheet untangles the intricate web of how the Ponzi scheme was carried out; man who claimed to be whistleblower named as main accused
28 March,2025 07:13 AM IST | Mumbai | Faizan Khan
Torres investment scam: ED gets custody of 'hawala operator' Alpesh Khara
The accused was in judicial custody following his earlier arrest by the Mumbai Police's Economic Offences Wing (EOW). The special judge for the Prevention of Money Laundering Act cases remanded him in the ED's custody till April 1
26 March,2025 11:06 PM IST | Mumbai | mid-day online correspondent
Torres scam: EOW files 27,147 pages chargesheet against 8 accused
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
Torres scam: 58-year-old arrested in Navi Mumbai, total arrests in case reach 7
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 in Torres scam had fake birth certificate, claimed to be Indian
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
Torres scam: Shivaji Park cop pulled up
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
Torres scam: Ukrainian actor held by EOW in connection with case
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
Torres scam: EOW arrests self-proclaimed 'whistleblower' from Pune
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
ED conducts raids in Torres Ponzi fraud linked to money laundering
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
Torres scam: Bombay HC raps police, says nobody acted with alacrity
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