The Economic Offences Wing (EOW) has arrested another suspect in Navi Mumbai in connection with the Torres scam case. The accused, 58-year-old Lallan Singh, had been absconding for several days, the police said. He was allegedly involved in converting black money worth Rs 14 crore into white for the Torres jewellery brand through dummy companies. This is seventh arrest in the case.

The Torres 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 (MLM) tactics.