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Home / Mumbai / Mumbai Crime News / Photos / IN PHOTOS: Investors, Kirit Somaiya meet Mumbai Police chief over Torres scam

IN PHOTOS: Investors, Kirit Somaiya meet Mumbai Police chief over Torres scam

Updated On: 08 January, 2025 07:53 PM IST | Divya Nair

Investors, along with BJP leader Kirit Somaiya, met the Mumbai Police Commissioner on Wednesday, demanding that a case be registered against the jewellery brand and that refunds for the promised returns from the schemes be given to the victims (PIC/SHADAB KHAN)

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Investors, along with BJP leader Kirit Somaiya, met the Mumbai Police Commissioner on Wednesday, demanding that a case be registered against the jewellery brand and that refunds for the promised returns from the schemes be given to the victims (PIC/SHADAB KHAN)

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Investors, along with BJP leader Kirit Somaiya, met the Mumbai Police Commissioner on Wednesday, demanding that a case be registered against the jewellery brand and that refunds for the promised returns from the schemes be given to the victims (PIC/SHADAB KHAN)
<p>The Shivaji Park police have so far arrested three people&mdash;the director of a jewellery brand, an Overseas Citizen of India (OCI) and a citizen of Uzbekistan&mdash;for allegedly duping investors of R13.48 crore through a Ponzi scheme</p>

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The Shivaji Park police have so far arrested three people—the director of a jewellery brand, an Overseas Citizen of India (OCI) and a citizen of Uzbekistan—for allegedly duping investors of R13.48 crore through a Ponzi scheme

<p>&nbsp;The accused lured victims with promises of high weekly returns, exclusive offers, and rewards for referrals via a flashy app. An look-out circular (LOC) has been issued against two absconding accused who are suspected to have fled the country</p>

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 The accused lured victims with promises of high weekly returns, exclusive offers, and rewards for referrals via a flashy app. An look-out circular (LOC) has been issued against two absconding accused who are suspected to have fled the country

<p>The arrested individuals include Sarvesh Surve, the company director, Valentina Kumari (an OCI national), and Tania Kasatova, an Uzbekistan citizen</p>

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The arrested individuals include Sarvesh Surve, the company director, Valentina Kumari (an OCI national), and Tania Kasatova, an Uzbekistan citizen

<p>Police suspect the fraud&rsquo;s scale could exceed Rs 700 crore, with statements from victims still being recorded</p>

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Police suspect the fraud’s scale could exceed Rs 700 crore, with statements from victims still being recorded

<p>The scheme targeted investors through a jewellery brand named Torres, which operated six stores in Mumbai, including branches in Dadar, Girgaon, Sanpada, Mira Road, and Kandivli</p>

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The scheme targeted investors through a jewellery brand named Torres, which operated six stores in Mumbai, including branches in Dadar, Girgaon, Sanpada, Mira Road, and Kandivli

<p>Investors were lured via the company&rsquo;s app, &ldquo;Torres Club,&rdquo; which displayed investment statuses and promised weekly returns</p>

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Investors were lured via the company’s app, “Torres Club,” which displayed investment statuses and promised weekly returns

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