Connect with us
Thursday,29-May-2025
Breaking News

Business

Torres Jewellery Scam: EOW Raids Uncover ₹3 Crore In Cash, Arrests Three In Multi-Crore Fraud

Published

on

Mumbai: The Mumbai Police’s Economic Offences Wing (EOW) conducted raids at six locations as part of its investigation into the multi-crore fraud involving Torres Company. The raids targeted the company’s offices in Dadar, Lower Parel, and Opera House, along with the residences of three accused individuals in Colaba, Umerkhadi (Dongri), and Dombivli.

During the operation, the EOW seized ₹3 crore in cash from the company’s offices and the residences of the accused. The cash was counted using two specialized machines. Several crucial documents were also recovered. Confirming the action, a senior EOW official identified the arrested individuals as Tania Casatova (Uzbekistan) from Colaba, Valentina Ganesh Kumar (Russia) from Dombivli, and Sarvesh Surve from Umerkhadi.

According to EOW sources, absconding accused Mohammed Tausif Riaz, alias John Carter, has submitted a 182-page report. The report alleges that the same individuals behind the Torres fraud were also responsible for the 2019 B2B jewelry scam in Ukraine and Russia. This report, shared with other agencies, is currently under scrutiny.

The investigation revealed that foreign suspects, including Valentina Kumar, Tania Casatova, and Victoria Kovalenko, used fake identification documents to purchase Indian SIM cards, reportedly paying over ₹12,000 for each. The SIM cards were allegedly procured from Nepal. Two of these suspects have been arrested.

The EOW suspects that Torres Company operated a Ponzi scheme under the guise of a jewelry business. Evidence of tax evasion and money laundering has emerged. Arrested suspect Sarvesh Surve claimed he was a director and shareholder but denied involvement in the company’s operations. This claim is under investigation.

Fraud Scope and Online Activities:

The EOW is also examining Torres Company’s Instagram account, where misleading posts and videos continue to lure victims. The Cyber Cell is aiding in identifying the locations and individuals responsible for these activities. Three bank accounts linked to Torres Company have been frozen, with further efforts underway to seize additional assets.

Official estimates currently place the fraud at ₹23 crore. However, authorities suspect it could exceed ₹1,000 crore, given the increasing number of complaints.

Complaints and Seizures

DCP Sangramsingh Nishandar (EOW) confirmed that more than 350 complaint forms have been received so far. “Cash exceeding ₹3 crore, silver, stones, investment papers, and other valuables have been seized. Over 15 luxury cars were delivered to customers, with five more bookings still pending,” he stated, emphasizing that the investigation is ongoing.

A Look-Out Circular (LOC) has been issued against Victoria Kovalenko (38), a resident of Ukraine, and Mohammed Tausif Riyaz alias John Carter (33), a resident of Mumbai.

National

CBI arrests junior passport assistant, agent for taking bribe in Mumbai

Published

on

New Delhi, May 29: The Central Bureau of Investigation (CBI) has arrested two accused, including an Office Assistant/ Verification Officer working at Passport Seva Kendra (PSK), Lower Parel in Mumbai and an agent in a case related to issuing passports based on fake documents in lieu of a bribe.

The CBI registered a case against the Office Assistant/VO, PSK, Lower Parel, Mumbai and other private persons working as passport agents.

According to a statement issued by the CBI’s office in Delhi, during the years 2023-2024, the said accused officer entered into a criminal conspiracy with other private persons. In furtherance of the said criminal conspiracy, he was obtaining an undue advantage by doing passport-related work.

Along with the agent and other unknown persons, the accused official issued fake passports to applicants based on forged documents.

It was further revealed that seven unknown persons purporting as applicants had submitted forged documents such as Aadhaar card copy, Pan card copy, Bank Account Statement and Birth Certificates as their address and identity proofs to the Passport Office.

During the investigation, all the documents provided were found to be forged.

Further, chats between the accused public servant and the agent revealed discussion about the payment of undue advantage from these fake passport applicants.

The CBI press note said that the investigation also revealed that mobile numbers provided by applicants in the passport applications were not in service.

The ‘Police Verification’ was carried out after issuance of those passports under the Tatkaal Scheme (earlier waived during the issuance of passports), and the findings were adverse, as the addresses provided on the passport applications were fake.

“As the accused were evasive and did not cooperate during the investigation, both were arrested,” the press note mentioned.

The two accused were produced before the Special CBI Court, Mumbai and were sent to police custody for five days till June 2.

The CBI said that the investigation is continuing in the case.

Continue Reading

Crime

CBI arrests two accused including Jr. Passport Assistant of PSK, Lower Parel and an agent in a case related to corruption

Published

on

Central Bureau of Investigation (CBI) has arrested two accused including Office Assistant/ Verification Officer working at Passport Seva Kendra (PSK), Lower Parel Mumbai and an agent (private person) in a case related to issuing passports based on fake documents in lieu of bribe.

A case was registered by CBI against Office Assistant/VO, PSK, Lower Parel, Mumbai and other private persons working as passport agents. It was alleged in FIR that during the years 2023-2024, said accused public servant entered a criminal conspiracy with other private persons and in furtherance of the said criminal conspiracy, he has been obtaining undue advantage for doing passport related work.

In furtherance of the conspiracy with agent (private person) and other unknown persons, accused public servant has got issued fake passports of unknown applicants based on forged documents.

It was further revealed that unknown seven persons purporting as applicants had submitted forged documents such as Aadhar card copy, Pan card copy, Bank Account Statement and Birth Certificates as their address and identity proofs, in the Passport Office. During investigation, all the documents provided by them have also been found to be forged.

Further, communications chats between accused public servant and agent (private person) revealed discussion about payment of undue advantage concerning these fake passport applicants.

Investigation also revealed that mobile numbers provided by applicants in the passport applications are not in service. The Police Verification reports carried out after issuance of those passports under Tatkaal Scheme (which were earlier waived of during issuance of passports) have been found to be adverse, as addresses given on passport applications were fake.

As accused were evasive and did not cooperate during investigation. Both the accused were arrested. They were produced before Special CBI Court, Mumbai and have been sent to police custody for 05 days i.e. till 02.6.2025.

Investigation is continuing.

Continue Reading

International

UNSC member Panama’s Prez expresses ‘support for India’s fight against terrorism’

Published

on

Panama City, May 28: Jose Raul Mulino Quintero, the President of Panama and a member of the United Nations Security Council (UNSC), has expressed “support for India’s fight against terrorism,” Congress MP Sashi Tharoor said after a delegation of members of Parliament met him.

At their “constructive and productive” meeting in the Presidential Palace, Mulino “expressed his understanding and support for India’s fight against terrorism,” Tharoor, who heads the delegation, said in a post on X on Wednesday (local time).

Panama’s Foreign Minister Javier Martinez-Acha Vasquez, who hosted a lunch for the delegation, was at the meeting with the President along with several senior officials.

Martinez-Acha “extended full support understanding of Panama on terrorism for India,” Taranjit Singh Sandhu, a former ambassador to the US who is accompanying the delegation, said in an X post.

They were joined by Vice-Minister Carlos Hoyos, as well as two members of Panama’s National Assembly, which was “a tribute to the regard in which India is held here,” Tharoor said.

During the meeting, Tharoor passed around pictures of Pakistani officials at the funeral of Hafiz Abdur Rauf, a senior leader of the Lashkar-e-Taiba and a designated a terrorist by the United Nations Sanctions Committee.

“There is no greater proof of official complicity” of Pakistan with terrorism, he told them.

Pakistan military’s top brass, including Lt Gen Fayyaz Hussain Shah and Maj Gen Rao Imran, and Punjab Police Inspector General Usman Anwar were among those who attended the funerals of Rauf and other terrorists killed in the Operation Sindoor hits on terrorism centres.

The parliamentary delegation was visiting this influential Central American country that is an elected member of the UN Security Council to make clear India’s policy of zero-tolerance for terrorism in the aftermath of the religiously motivated massacre of 26 people at Pahalgam by Pakistan-linked terrorists.

India launched Operation Sindoor to hit the infrastructure of terrorism in Pakistan and the areas of Pakistan-occupied Kashmir.

Islamabad launched attacks on targets in India, including temples, gurdwaras, and a convent, escalating the conflict.

Reflecting a broad national consensus on the issue, the delegation included parliamentarians from across party lines Shambhavi of the Lok Janshakti Party (Ram Vilas), Sarfaraz Ahmad of the Jharkhand Mukti Morcha, Milind Murli Deora of the Shiv Sena, and BJP leaders Shashank Mani Tripathi, Bhubaneswar Kalita, and Tejasvi Surya, along with GM Harish Balayogi of the Telugu Desam Party.

The delegation, which has visited New York and Guyana, is to visit Colombia and Brazil and head to Washington in the quest to rally support for India against terrorism.

Continue Reading

Trending