Torres Jewellery Scam | 'Ponzi Scheme Promised Huge Returns...': Mumbai Police On Torres Ponzi Scam
Last week, the world of hundreds of investors turned upside down when six stores of the Torres jewellery chain shut after collecting investments worth crores in the name of a scheme that promised big returns. Following a complaint, police have registered a case against the holding firm Platinum Hern Private Limited, its two directors, CEO, general manager and a store in-charge. The accused have been charged with cheating and criminal conspiracy, among others. Here's what Mumbai's Economic Offence Wing had to say about it.
