Economic Offences Wing (EOW) of Mumbai Police is still receiving 100-150 complaints per day from the investors on the fraud in the Torres Ponzi Scheme, according to people familiar with the matter told Moneycontrol. The average amount, as per complaints, is Rs 5-7 lakh, said sources.
Sources also added that the frequency of the complainants has reduced in the last few weeks, which was earlier more than 200 complaints on a daily basis.
As per reports, the investigation is still going on the case and more than 10,000 complaints have been filed amounting to over Rs 177 crore.
Last week on Friday, a special court in Mumbai rejected the bail pleas of Ukrainian actor Armen Ataine and Mohammad Tausif Riyaz, the prime accused in the case.
Last week, the court had rejected the bail pleas of Tazagul Xasatova, an Uzbekistan national, who they claimed was the company’s general manager, the company’s director Sarvesh Ashok Surve and Valentina Ganesh Kumar, the store in-charge.
Khasatova claimed that she is not connected to Platinum Hern Pvt Ltd, which runs the Torres jewellery brand, and she herself had invested Rs 8 lakh in this company and suffered losses. Valentina Kumar and Sarvesh Surve, also claimed that they were not connected to the decision-making in the company, as per media reports.
Platinum Hern Pvt Ltd, is the holding company of Torres jewellery brand, promised high returns but after initial payments, the company stopped paying from December 2024, following which complaints were filed by the investors.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
