Mumbai Police EOW takes over probe into multi-crore Torres investment scam

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Mumbai Police EOW takes over probe into multi-crore Torres investment scam - Business Standard

Quick Summary:

The police have registered a case against Platinum Hern Private Limited company, which runs the 'Torres' jewellery brand, and its directors for duping investors for over Rs 13.48 crore by promising attractive returns on their investment in the firm located at Dadar in central Mumbai, he said.

The Economic Offences Wing (EOW) of the Mumbai police on Wednesday took over the investigation into Torres jewellery firm's multi-crore investment scam, an official said.

Three top executives of the private jewellery firm -- two of them foreign nationals -- were arrested on Tuesday evening and sent to police custody till January 13.