Mumbai, March 23: Indian agencies have traced Olena Stoian, a Ukrainian national and a prime accused in the Torres jewellery fraud case, to the Republic of Moldova. The Enforcement Directorate (ED) on Monday approached the special PMLA court for the necessary attestation of documents to prepare an extradition dossier for Stoian.

ED probe into Rs 177.11 crore fraud

The ED is probing money laundering to the tune of Rs 177.11 crore, where thousands of investors were allegedly cheated. The agency claimed Stoian, along with Oleksandr Zapichenko, alias Alex, and Viktoria Kovalenko, director of Platinum Hern Pvt Ltd (PHPL), were the key architects of the laundering operations.

In November last year, the ED obtained non-bailable warrants against Stoian, Alex, Kovalenko, and Sagar Mehta, a Mumbai resident alleged to have fled the country.

Court proceedings and investigation details

The special court issued proceedings against these four accused and eight others following a prosecution complaint in early 2025. Investigations revealed that PHPL-Torres Jewelry lured investors into a fraudulent scheme promising exaggerated weekly returns of 2% to 9% on gold and diamond jewellery. The company enticed customers with investment bonuses of 20% for new referrals, creating a chain-like system.

Fraudulent practices uncovered

According to the ED, showrooms conducted seminars and lucky draws for luxury cars to create an impression of legitimacy. In reality, the company marketed cheap synthetic moissanite stones as high-value diamonds. The agency stated that the proceeds of crime currently stand at Rs 177.11 crore.

Mumbai: The Anti-Narcotics Cell has ordered the deportation of three people involved in drug trafficking. Ahmed Mohammad Shafi Sheikh alias Akbar Khao, 42, of Kurla, Mohammad Farid Rehmatullah Sheikh alias Choha, 31, of Kurla, and Sarfaraz Sabir Ali alias Bhoora, 40, of Vikhroli, arrested in a drug case in Mumbai, have been deported. A case under the NDPS is pending against them and a charge sheet has also been filed against the accused. The accused have committed the crime again after being released on bail in the drug case. The NDPS unit Ghatkopar had recommended deportation to the Home Department, which has been sealed. On this basis, Mohammad Shafi Sheikh alias Akbar Khao, 42, was sent to Nagpur Jail on March 6, Mohammad Farid Rehmatullah Sheikh alias Choha, 31, of Chhatrapati Sambhaji Nagar Jail and Sarfaraz Sabir Ali Khan alias Bhoora, 40, have been sent to Amrauti Jail. Ahmed Mohammad Shafi Sheikh A total of 7 cases have been registered under the NDPS Act against Akbar Ghau, 42, Worli, Kurla, VB Nagar, police station. A total of 6 cases have been registered against Muhammad Farid Rehmatullah, alias Choha, VB Nagar, Kurla. A total of 7 cases of NDPS have been registered against Sarfaraz Sabih Ali Khan, 40, Bandra Unit, Worli, Kurla, Kurla, Azad Maidan Unit. Since 2006, 6 accused involved in drug trafficking have been deported from the city. They have been taken into custody under the PIT NDPS Act. This action has been taken by DGP Nunath Dhole, head of the Anti-Narcotics Cell, on the instructions of Mumbai Police Commissioner Devin Bharti.

New Delhi, March 23: Prime Minister Narendra Modi on Monday stated that the government is working to ensure uninterrupted oil and gas supplies amid the conflict in West Asia, while emphasising that India has diversified its energy imports, unlike in previous instances, and will continue sourcing from wherever possible.

Initially, India imported energy needs such as crude oil, LNG, and LPG from 27 countries. Now, it imports energy from 41 countries.

The Prime Minister, addressing the Lok Sabha on the West Asia crisis, spoke about the energy security concerns of the country, said, “A large quantity of crude oil, gas, and fertilisers — many essential items — come to India through the Hormuz Strait route. Since the war began, the movement of ships through the Hormuz Strait has become very challenging. Despite this, our government has made efforts to ensure that the supply of petrol, diesel, and gas is not severely impacted.”

PM Modi stated that India imports 60 per cent of its LPG requirement and due to uncertainty in supply, the Centre has “prioritised domestic LPG consumers”.

“At the same time, domestic production of LPG is also being increased. Continuous efforts have also been made to ensure that the supply of petrol and diesel across the country remains smooth,” he said.

Highlighting the steps taken by the BJP-led government in the Centre over the last decade towards energy security, the Prime Minister said, “In the past 11 years, India has diversified its energy imports. Previously, energy needs such as crude oil, LNG, and LPG were imported from 27 countries. Today, India imports energy from 41 countries.”

He further highlighted India’s strategic steps to ensure energy security amid the ongoing conflict.

In the last decade, he said that India has prioritised storage of crude oil for times of crisis and today, the country has a strategic petroleum reserve of more than 53 lakh metric tonnes. He mentioned that the work is underway to create reserves of more than 64 lakh metric tonnes. The reserves held by Indian oil companies are separate, he added.

“In the last 11 years, our refining capacity has also increased significantly. The government is continuously in touch with suppliers from different countries, making efforts to ensure that oil and gas supplies continue from wherever possible. The Government of India is keeping a constant watch on Gulf and overseas shipping routes,” he said.

“Our endeavour is that ships carrying essential items like oil, gas, and fertilisers reach India safely. We are in constant communication with all our global partners to ensure that our maritime corridors remain safe. Due to such efforts, several of our ships stranded in the Hormuz Strait have also arrived in India in recent days,” PM Modi added.