All posts tagged: Torres

Warrants issued against 4 key accused in Torres fraud case

Warrants issued against 4 key accused in Torres fraud case

Published by Parlour News

MUMBAI: A special PMLA court in Mumbai has issued non-bailable warrants against four accused, including a Mumbai resident and three Ukrainian nationals, the alleged masterminds behind the Torres Jewellery fraud in which thousands of small investors from the Mumbai Metropolitan Region (MMR) were defrauded of ₹177 crore. All four accused are absconding and are believed to have fled the country. Mumbai, India. Jan 07, 2025: Investors gathered in large numbers outside the office of Torres Jewellers in Dadar, Mumbai, demanding the return of their principal amounts after the company failed to pay the promised returns on its investment schemes. The Mumbai police booked the company’s directors for committing multi-million fraud. Mumbai, India. Jan 05, 2025. (Photo by Raju Shinde/HT Photo) (Hindustan Times) The Enforcement Directorate (ED) submitted that the Mumbai resident, Sagar Paresh Mehta, “fled from India on December 28, 2024, and has not cooperated in the investigation or responded to summons”, and that his family told officers he is currently in Dubai. The agency told the court that the Ukrainian masterminds behind the fraud …

Mumbai police EOW files 27,134-page chargesheet in Torres fraud case | Mumbai News

Mumbai police EOW files 27,134-page chargesheet in Torres fraud case | Mumbai News

Published by Parlour News

Mumbai Police Economic Offences Wing (EOW) on Monday filed a 27,134-page chargesheet in the multi-crore Torres fraud case in which around 60,000 investors were allegedly duped by a company Platinum Hern Pvt through a Ponzi scheme promising huge returns. The EOW stated that the chargesheet has been filed against Platinum Hern Pvt Lt, that operated Torres jewellery company, arrested accused Tania alias Tazagul Xastova, Valentina Ganesh Kumar, company director Sarvesh Surve, alleged hawala operator Alpesh Khara, company CEO Tausif Riyaz, Armen Atian and Lallan Singh. According to police, the amount involved in the fraud, allegedly masterminded by a group of Ukrainian nationals, was around Rs 200 crore. Story continues below this ad EOW investigators have recorded statements of 280 witnesses and identified whistleblower CA Abhishek Gupta as the key witness in the case.The EOW officers submitted the chargesheet before special MPID court under sections 316(5), 317(2), 317(4), 317(5), 318(5), 61 BNS Act and 3, 4 MPID Act and 21, 23 BUDS Act. Eight Ukrainian nationals — Victoriia Kovalenko, Oleksandr Borovyk, Oleksandr Zapichenko, Oleksandra Brunkivska, Oleksandra …

Pearson’s Gina Torres Opens Up About Canceled Suits Spin-Off: ‘I Wish We Had…’

Pearson’s Gina Torres Opens Up About Canceled Suits Spin-Off: ‘I Wish We Had…’

Published by Parlour News

With the highly anticipated upcoming spin-off Suits LA, Ginette Torres reflects on Pearson, the first effort to extend the universe. Torres played Jessica Pearson in the series Suits and left after a few seasons before appearing in the spin-off Pearson in 2019. In the spinoff, the focus was shifted to politics as Jessica became a fixer for the newly elected mayor of Chicago, Bobby Novak (Morgan Spector). It still failed to capture the hearts of viewers though and was cancelled after just one season. Torres had a chance to reflect on the brief run of the show in a recent interview with The Hollywood Reporter, stating that she was very involved in its development, both as lead actress and executive producer. In contrast to what had been Suits, she said she did not want to focus as much on elite legal professionals but far more on the lives of normal people. Torres told the outlet, “I’m very proud of it. I’m very proud of what we were able to do. I will say it is …

Torres scam: A month later, six held; 8 Ukrainians, one Turkish still at large | Mumbai News

Torres scam: A month later, six held; 8 Ukrainians, one Turkish still at large | Mumbai News

Published by Parlour News

On January 6, thousands of investors from Mumbai, Thane, Navi Mumbai, and Mira Road staged protests outside Torres’ jewellery stores in Dadar, Mira Road, and APMC Navi Mumbai after they suddenly stopped receiving their promised interest payments i n various investment schemes in late December, 2024. Demanding a return of their investments, the investors threatened to break open the safes of the company. Soon,the police stepped in and eventually the same day, Shivaji Nagar police registered an FIR citing a fraud amount of Rs 13.48 crore from 66 different investors. Mumbai Police’s Economic Offences Wing (EOW) soon took over the investigation. Since then, there have been arrests, Blue Corner Notices, searches and seizures, even as many more investors continue to seek answers. Story continues below this ad Over a month after the complaints began pouring in, the Mumbai Police now claim that there are over 12,000 investors who have come forward reporting frauds worth Rs 125 crore and the suspected Ponzi scheme was being run by the accused company, Platinum Hern Pvt Ltd, which runs …

Ferran Torres Treble Powers Barcelona Past Valencia Into Copa Del Rey Semis

Ferran Torres Treble Powers Barcelona Past Valencia Into Copa Del Rey Semis

Published by Webster

Ferran Torres hit a hat-trick as Barcelona routed Valencia 5-0 on Thursday to cruise into the Copa del Rey semi-finals. Fermin Lopez and Lamine Yamal were also on target for the record 31-time Spanish Cup winners as they swaggered to victory at an upset Mestalla stadium. Earlier Real Sociedad progressed with a comfortable 2-0 win over 10-man Osasuna, joining Real Madrid and Atletico Madrid in a strong final four. Former Valencia forward Torres took the plaudits with his treble inside 30 minutes, taking full advantage of Barca coach Hansi Flick’s decision to rest striker Robert Lewandowski. “We thought that it would be a very difficult game, because here at Mestalla is always a hard ground to play,” Torres told TVE. “We had the luck that we scored goals early and in the end that sunk them.” The Spaniard netted in the third minute, running onto a fine Alejandro Balde through ball and finishing clinically against his former side. Torres netted the second after 17 minutes when teenage winger Yamal’s shot bounced off the …

What Is Rs 1,000 Crore Torres Ponzi Scheme That Duped 3,700 People?

What Is Rs 1,000 Crore Torres Ponzi Scheme That Duped 3,700 People?

Published by Webster

Last Updated:January 26, 2025, 20:37 IST Earlier on Friday, the ED also froze over Rs 21 crore in bank deposits as part of their ongoing probe into the Torres fraud. Torres Jewellery’s fraudulent investment scheme that has left over 3,700 investors with substantial financial losses. (ANI photo) The Mumbai Police’s Economic Offences Wing (EOW) arrested the CEO of Platinum Hern, Tausif Riyaz, in connection with a multi-crore ponzi scam. Platinum Hern is the company behind the controversial ornament brand ‘Torres Jewellery’ which is accused of being involved in a Rs 1,000-crore fraud, according to reports. Riyaz was nabbed from a hotel in Lonavala after evading police arrest for several weeks after the scam came to light. Notably, the Platinum Hern CEO is the fifth person to be arrested in the case. He was presented before a Mumbai court that sent him to police custody until February 3. This comes amid an ongoing probe into Torres Jewellery’s fraudulent investment scheme that has left over 3,700 investors with substantial financial losses. The alleged fraud came to light …

Interpol issues blue corner notices in ₹1,000 crore Torres Jewellery fraud | Mumbai news

Interpol issues blue corner notices in ₹1,000 crore Torres Jewellery fraud | Mumbai news

Published by Parlour News

Jan 22, 2025 10:12 AM IST 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 cent Mumbai: Interpol has issued blue corner notices against eight foreign nationals in connection with a multi-crore financial fraud allegedly carried out through Torres Jewellery stores. 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 cent, along with artificial stones. The notices were issued for seven Ukrainian nationals and one Turkish national, believed to be key figures in the Torres Jewellery scam. The notices were issued for seven Ukrainian nationals and one Turkish national, believed to be key figures in the Torres Jewellery scam. A blue corner notice is a request to Interpol members to gather information on an individual’s identity, location, or activities as part of a criminal investigation. Once a charge sheet is filed, the issuance of red corner notices may follow. According to the police, …

Fernanda Torres Says ‘Nepo Baby Life Is Worth Living’ As She Claps Back At Critics; DEETS

Fernanda Torres Says ‘Nepo Baby Life Is Worth Living’ As She Claps Back At Critics; DEETS

Published by Parlour News

Fernanda Torres is speaking up about nepotism in the industry. The actress, who recently won the Golden Globes Award for her role in I’m Still Here, revealed that it is difficult being the child of a well-established celebrity, as the kid has to re-invent at every given point. In a conversation with IndieWire, Torres took the charge and claimed that she is the proof that nepotism is a “life worth living.”  Following her big win at the award ceremony that took place on January 5th and dedicating the award to her mother, Fernanda Montenegro, the actress revealed to the media portal that nepo kids have other issues to tackle too. She elaborated on the statement and said, “You don’t have to kill a nepo baby as soon as he is born.” ALSO READ: Golden Globes 2025: Biggest Award Snubs From This Year’s Show; Featuring Angelina Jolie, Denzel Washington, Dune: Part Two, and More The House of Sand star further added, “I really hate this idea because this is ancient—that people learn in their environment. The dining …

Mumbai: Jewellery Chain Dupes Thousands Of Investors In Ponzi Scheme, Top Executives Booked

Mumbai: Jewellery Chain Dupes Thousands Of Investors In Ponzi Scheme, Top Executives Booked

Published by Webster

Last Updated:January 07, 2025, 19:05 IST Police have registered a case and named the holding firm Platinum Hern Private Limited, its two directors, CEO, general manager and a store in-charge as accused. Torres Jewellery has showrooms across Mumbai in areas such as Grant Road, Navi-Mumbai, Kalyan and Mira Road. (Image: X) Thousands of investors were left in the lurch after a jewellery chain with several stores in Mumbai allegedly duped them through a Ponzi scheme promising high returns. The firm, Torres, has blamed its CEO and other staff members, alleging that they conned customers through a fraudulent scheme and also robbed and vandalised stores part of the chain. The matter came into limelight on January 6, when investors had gathered around the brand’s stores in Dadar and Navi Mumbai’s Sanpada and panicked to see the shops shut without any prior notice, as reported by Lokmat Times. Torres Jewellery has showrooms across Mumbai in areas such as Grant Road, Navi-Mumbai, Kalyan and Mira Road. Modus-Operandi The scamsters lured investors by floating a fake scheme envisaging purchase …

Golden Globes 2025: Fernanda Torres Wins Best Female Actor For I’m Still Here; Find Out Her Connection to Award Show

Golden Globes 2025: Fernanda Torres Wins Best Female Actor For I’m Still Here; Find Out Her Connection to Award Show

Published by Parlour News

Fernanda Torres first swept the audience off their feet with her performance in I’m Still Here and now, with her moving speech, as she grabbed a Golden Globe, winning the award in the Best Female Actor- Motion Picture category. But this win seems to be a special, one because, her mother, Fernanda Montenegro was reportedly the first Brazilian actress to be nominated for the prestigious awards for her work in Central Station (released in 1999), making Torres the second one to have garnered the nomination. The Tapas & Beigos gave an inspiring speech when she took the stage. As per The Hollywood Reporter, she revealed about not preparing anything as she was already “glad.” She continued saying that it was an incredible year for performances by females and that multiple actresses were present there, whom she admired a lot. She dedicated her award to her mother. Torres shared that her mother was there “25 years ago. And this is like a proof that art can endure through life, even in difficult moments like this amazing story. … There’s something …