EOW intensifies investigation into Torres Jewellery Ponzi scam, seizing assets worth ₹24.49 crore and tracking fugitive CEO | FPJ/ Vijay Gohil
Mumbai: The Economic Offenses Wing (EOW) is taking steps to have the Torres app and related social media accounts taken down to prevent the spread of misleading information about the company and its ongoing fraudulent activities. According to police sources, EOW officials have reached out to the Joint Commissioner of Police (Nodal) for assistance in this matter.
The removal is seen as a preventive measure, as many people were being influenced by the content shared on these platforms. Investigators believe that continued access to these accounts could mislead victims and hinder the investigation process.
No Leads on Fugitive CEO Toufiq Riaz: The primary suspect and CEO of Torres, Toufiq Riaz, remains at large, with no current leads on his whereabouts. EOW sources confirm that Toufiq hails from Bihar, where his last known location was traced. Since then, efforts to locate him have been unsuccessful. Authorities are intensifying their search operations.
Assets Worth ₹24. 49 Crore Seized
So far, EOW has seized ₹24.49 crore worth of assets linked to the Torres scam. This includes ₹5.98 crore in cash from a showroom in Dadar, ₹15 crore from five bank accounts, ₹2.50 crore worth of gold and silver. Investigators have discovered that the accused operated five different bank accounts and transferred large sums abroad through illegal hawala transactions.
Foreign Link and Fake Identities: EOW’s probe has also revealed that arrested suspects Tania Kasatova and Valentina Kumar, who claimed to be Ukrainian, never traveled to Ukraine in their 21 years in India. Their travel history remains suspicious, and further investigation into their real identities is ongoing.
