Home / Mumbai / Mumbai Crime News / Photos / IN PHOTOS: Investors, BJP leader Kirit Somaiya meet Mumbai Police Commissioner over Torres scam probe

IN PHOTOS: Investors, BJP leader Kirit Somaiya meet Mumbai Police Commissioner over Torres scam probe

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)

  • WhatsApp
  • Twitter
  • WhatsApp
PIC/SHADAB KHAN

1/7

PIC/SHADAB KHAN
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

2/7

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

 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

3/7

 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

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

4/7

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

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

5/7

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

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

6/7

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

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

7/7

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

Tags

Photo of Day

Global AI leaders join PM Modi in a bid to push for a smarter, inclusive future

Global AI leaders join PM Modi in a bid to push for a smarter, inclusive future

PM Narendra Modi joins hands with Google CEO Sundar Pichai, OpenAI CEO Sam Altman, and others during the India AI Impact Summit 2026, in New Delhi. PIC/PTI

Advertisement