Torres Jewellery Scam: MBVV Police Freeze ₹9.51 Crore in Two Accounts
MBVV police have frozen ₹9.51 crore linked to the Torres Jewellery scam as 76 victims file complaints
Mira Bhayandar, India, Torres Jewellery, Scam, MBVV Police, Investors
Mira Bhayandar: So, there’s been quite a stir over the Torres Jewellery Investment Scam. The MBVV police have frozen a whopping ₹9.51 crore that was sitting in two bank accounts linked to the company. One account had ₹1.77 crore, while the other had ₹7.74 crore. Crazy, right?
So far, 76 folks have stepped up, claiming they lost around ₹1.7 crore to these scammers. They’ve filed their complaints at the Navghar police station in Bhayandar. DCP Prakash Gaikwad is urging other investors to come forward and share their stories too.
According to the FIR, four people have been charged, including Sarvesh Ashok Surve and two Ukrainian nationals, Victoria Kowalenko and Olena Stoen, along with Imran Javed. They’re in hot water under various laws, including the Maharashtra Protection of Interest of Depositors Act.
Interestingly, the former CEO, Tausif Reyaz, claims he and Surve were actually the whistle-blowers who alerted the authorities about the fraud. They even wrote to the Prime Minister! It looks like this scam could be massive, potentially hitting ₹1,000 crore.
Torres was known as one of the biggest jewellery houses in India, with its headquarters in Dadar and showrooms in places like Grant Road, Navi Mumbai, Kalyan, and Mira Road. But here’s the kicker: the showroom in Mira Road, which was open until Sunday, suddenly shut down on Monday, leaving investors in shock.
People rushed to the showroom after hearing the news, only to find it closed, along with all other branches. Talk about a nightmare! The scammers had lured investors with a fake scheme promising an 11 percent weekly cashback on moissanite stones and gems for a year. If you put in ₹1 lakh, they promised ₹11,000 back every week, which sounded too good to be true—and it was!