Shivaji Park cops got whiff of Torres scam in June, but did nothing

Mumbai: The Torres scam, which has reportedly swindled investors out of a whopping Rs 1,000 crore, could have been stopped if the Shivaji Park police had acted on the warnings they received back in June. It’s wild to think that even after suspicious activities were flagged, nothing was done until it was too late.

The whole mess started when Assistant Police Inspector Vinay Mane noticed something fishy during his patrol. He raised the alarm and was told to issue a notice to the company. But after that? Crickets. No one followed up, and the scam just kept growing, leaving thousands of people in the lurch.

Fast forward to October, and the Navi Mumbai police finally issued a notice to Torres, but by then, the damage was done. The company had already duped many investors, and some of the directors had even fled the country. It’s frustrating to see how a lack of action allowed this to spiral out of control.

The scam was cleverly disguised as a legitimate investment opportunity, promising high returns on jewelry made from Moissanite. They even had a flashy marketing scheme to lure people in. But behind the scenes, it was all smoke and mirrors, with the masterminds allegedly smuggling gold and using cryptocurrency to move money around.

Now, the Economic Offences Wing is on the case, and they’ve started digging into the company’s operations. They’ve already seized a bunch of documents and cash from Torres’ premises. It’s about time someone took this seriously!

Investors are understandably upset, and many have been gathering outside the police station to voice their concerns. The police have set up a dedicated cell to handle complaints, which is a step in the right direction. But it’s a shame that it took so long for anyone to take action.

Torres, for their part, is pointing fingers at others, claiming they were victims of extortion and that the real culprits are trying to shift the blame. It’s a messy situation, and it’s going to take a lot of work to untangle it all.

Let’s hope that justice is served and that those responsible for this scam are held accountable. It’s a tough lesson for everyone involved, and it’s a reminder to always be cautious when it comes to investments.