On Thursday, the Enforcement Directorate launched a major crackdown in the Torres Jewellers fraud case, conducting raids at ten locations across Mumbai and Jaipur.
The complaint filed by Mumbai Police triggered the investigation into the suspected money laundering operations behind the alleged scam.
Over a lakh investors around Mumbai have been duped into investing over Rs 1,000 crore in Torres investment schemes, which promised them attractive returns.
The Mumbai Police informed the Bombay High Court on Wednesday that eight of the 12 accused in the Torres Jewellery Ponzi scheme case, including seven Ukrainians and one Indian, fled India before December 30, 2024, reported the Times of India.
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