Crime News

ED Raids 10 Locations In Mumbai, Jaipur In Torres Ponzi Case

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.

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
Some error occurred

Related posts

HW Shorts APP National News

Prashant Kishor Promises To Scrap Bihar liquor ban If elected

Akanksha Yadav

Political strategist Prashant Kishor vowed to revoke Biharโ€™s liquor prohibition within an hour of forming the government if his party, Jan Suraaj, wins. He criticized the ban for promoting illegal alcohol sales and draining the state of revenue. He said that his new political party would scrap the ban on liquor โ€œwithin an hourโ€ if elected to power in Bihar.

Related posts

News Hub