Tausif Riyaz, CEO of Torres Jewellery, has been arrested in multi-crore Ponzi scam, and remanded to police custody amid ongoing investigations.

According to the police, the Torres jewellery chain operated six stores across Mumbai and defrauded nearly 1.25 lakh people by luring them with 6%...

ED raids 13 locations in Mumbai, Jaipur in Torres Jewellery scam, freezing ₹21.75 crore linked to fraudulent investment schemes under PMLA.

Authorities allege that more than 100,000 investors were defrauded of ₹1,000 crore by being lured with promises of weekly returns as high as 6 per...

Mumbai Police's EOW has filed a case against Purshottam Chavan for defrauding 19 people of ₹24.78 crore by promising discounted homes.

A special MPID (Maharashtra Protection of Interest of Depositors Act) court in Thane granted bail to a woman consultant arrested in the Torres...

MUMBAI: Over 10,000 investors lost ₹117.63 crore in Torres Jewellery fraud. Two arrested, including Ukrainian actor, for aiding the scheme.

The Gibraltar Financial Intelligence Unit (GFIU), the Economic Crime Unit of the Royal Gibraltar Police and the Investigation Branch of HM Customs...

Chartered accountant Amber Dalal, who was arrested last year for alleged investment fraud of Rs 564 crore, operated 42 bank accounts opened in the...