Connect with us
Thursday,09-January-2025
Breaking News

Maharashtra

Mumbai’s Torres Jewellers Accused Of ₹13.48 Crore Fraud; Company Alleges Theft By CEO And CA

Published

on

Mumbai: A major financial scam involving Torres Jewellers has come to light, with the Shivaji Park police registering an FIR against the company’s directors and CEO for allegedly defrauding investors of over ₹13.48 crore. Investors gathered outside the company’s office in Dadar, demanding the return of their principal amounts after promised investment returns ceased.

The Shivaji Park Police have registered an FIR under Sections 318(4), 316(5), and 61 of the Bharatiya Nyaya Sanhita (BNS), along with Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (MPID) Act, 2023. The accused include Platinum Hern Pvt. Ltd., which operates the Torres Jewellers brand, its directors Sarvesh Ashok Surve and Victoria Kovalenko, CEO Taufik Riaz alias John Carter, General Manager Tania Casatova, and Store In-Charge Valentina Kumar. No arrests have been made yet, according to the police, and the Economic Offences Wing (EOW) will take over the investigation.

Timeline of the Fraud

The complainant, Pradeep Kumar Mamraj Vaishya (31), a vegetable vendor residing at Mahatma Phule Nagar, Nariman Point, reported the alleged fraud, which occurred between June 21, 2024, and December 30, 2024.

Platinum Hern Pvt. Ltd. lured investors by promising lucrative returns on investments through the sale of Moissanite stones, offering a weekly return of 6% on invested amounts. Initially, the company delivered returns to gain trust, but all payments, including principal repayments, ceased on December 30, 2024.

At least seven investors, including the complainant, have filed complaints, resulting in the FIR. The accused face charges of breach of trust and misappropriation of funds. Preliminary investigations indicate the company owner is abroad, and authorities are exploring further links, including potential accomplices and the suppliers of fraudulent schemes.

Torres Jewellers’ Counter-Claims

In an unexpected twist, Torres Jewellers released a statement on its official website accusing its CEO, Taufik Riaz, and Chartered Accountant Abhishek Gupta of theft and vandalism. The company claims the duo orchestrated a burglary at one of its jewellery shops.

The website features CCTV footage purportedly showing the two individuals stealing valuables and vandalizing the premises. Accompanying the footage are images of the accused, which the company alleges confirm their involvement in the theft. Torres Jewellers claims this incident is part of a larger conspiracy.

Bollywood

John Abraham Says He’s Never Touched Drugs, Urges Students Not To Smoke Or Drink At Navi Mumbai Event

Published

on

Actor John Abraham recently attended the Nasha Mukt Navi Mumbai program, an anti-drug awareness campaign launched by Maharashtra CM Devendra Fadnavis. While addressing the students present, the actor made a surprising revelation, stating that he has never touched drugs in his life. Further, the Pathaan actor urged the students to be role models, good citizens, and to train hard to build strong muscles, setting a positive example.

He said, “I want to say to students, I have personally not touched drugs ever in my life, also no smoking, no drinking, but no drugs is very important. Be very disciplined in life, be a role model to your friends, colleagues. Be a good citizen of Maharashtra, India, and train hard to get some good muscles.”

John further congratulated Navi Mumbai Police Commissioner Milind Bharambe and Chief Minister Devendra Fadnavis for the initiative. “This is a very important initiative for Maharashtra and the youth of Navi Mumbai,” he added.

On the work front, John was last seen in Vedaa, which was released in 2024. The film also starred Sharvari, Tamannaah Bhatia, Abhishek Banerjee, Ashish Vidyarthi, Kumud Mishra, Rajendra Chawla, Tanvi Malhara, Anurag Thakur and Urvashi Dubey, among others.

The film clashed with Shraddha Kapoor’s Stree 2 and Akshay Kumar’s Khel Khel Mein at the box office on Independence Day, August 15, 2024.

Next, John has Tehran in his pipeline alongside Manushi Chhillar, which is produced by Dinesh Vijan. The film is reportedly based on real-life events on the backdrop of the Russia-Ukraine war.

Continue Reading

Crime

Maharashtra: Nashik Cops Nab Drug Smuggler After Hour-Long Dramatic Car Chase On City Roads

Published

on

The Nashik City Police on Tuesday shared a dramatic high-speed car chase video on their X handle. According to the police, a drug smuggler was apprehended after an hour-long chase on the intervening night of Monday and Tuesday.

In their post, the Nashik Police stated that the chase began when a red MH-02 registered car, traveling from Dhule to Navi Mumbai, attempted to breach the Adgaon Stop & Search checkpoint. A total of eight police vehicles were involved in the pursuit, the post added.

The video shared by the Nashik Police shows multiple police vehicles chasing a speeding red car. The red car can be seen evading the police vehicles whenever they got close.

“On suspicion of illegal weapons, narcotics, explosives, or similar prohibited items, the control room was alerted within seconds. Nashik City Police’s eight CR mobiles immediately took action and launched a dramatic chase throughout the city. The suspect driver drove on main roads to avoid capture, but our teams successfully apprehended him using skilled strategy without causing harm to others,” the Nashik Police stated in the post.

“The entire team involved in the chase was honored by the Nashik City Police Commissioner. Special appreciation goes to the alert staff who initiated the immediate pursuit, particularly Bhaurao Gangurde and Balkrishna Pawar!” it added.

The video shared by the Nashik Police has garnered widespread attention on social media, with many users praising the police for their daring attempt to nab the culprit.

Continue Reading

Business

Torres Company Scam: ₹1000 Crore Fraud, 1.25 Lakh Investors Duped, Three Arrested, Kingpins Flee To Ukraine, Case Transferred To EOW

Published

on

Mumbai: A massive investment scam by the foreign-based Torres Jewelry company has left over 1.25 lakh investors defrauded of ₹1,000 crore. The company, which promised high returns on jewelry and diamond investments, has collapsed, with its directors shifting the blame to Indian executives. The Economic Offenses Wing (EOW) has taken over the investigation, and an FIR under the Maharashtra Protection of Depositors Act and various BNS sections has been registered.

Three individuals—Sarvesh Ashok Surve, Tanya Casatova, and Valentina Kumar—have been arrested, while the alleged masterminds, Ukrainian nationals John Carter and Victoria Kowalenko, fled the country. Lookout Circulars (LOCs) have been issued for their arrest. Torres Company launched operations in Mumbai in February 2024, opening a flagship showroom in Dadar and branches in Navi Mumbai, Kalyan, Borivali, and Mira Road. The company offered an alluring investment plan.

Investors purchased jewelry or moissanite diamonds and received official receipts. A digital account and unique customer ID were created for each investor. A weekly return of 6% was promised, amounting to triple the investment value over 52 weeks.

Sarvesh Surve, a local resident with no prior business credentials, was appointed as the director to provide a local face to the foreign venture. Surve’s digital signatures were used for all official documents, while John Carter and Victoria Kowalenko controlled operations from the shadows. Tanya Casatova, an Uzbek national, managed stores, and Valentina Kumar, a Russian citizen married to an Indian, oversaw retail operations.

Police sources revealed that Surve was unaware of the larger conspiracy, making him a convenient scapegoat. Before fulfilling the promised 52-week term, Torres stopped payments in December 2024, citing technical issues. On January 1, 2025, the company abruptly shut down its showrooms.

When irate investors gathered outside the Dadar office on January 6, Tanya and Valentina were confronted and detained by Shivaji Park police. Surve was also arrested. Preliminary investigations estimate that over 1.25 lakh investors were defrauded, based on the highest customer ID numbers issued. The total fraud amount could exceed ₹1,000 crore. Police stations in Shivaji Park, APMC (Navi Mumbai), and Mira Road witnessed long queues of investors filing complaints, with many FIRs registered in just two days.

Authorities are now coordinating with international agencies to apprehend Carter and Kowalenko. Meanwhile, the EOW has urged investors to file complaints to strengthen the case.

Continue Reading
Advertisement
Advertisement

Trending