Shivaji Park police have registered an FIR against the heads and CEO of Torres Jewellers for allegedly duping investors of over Rs 13.48 crore. Following a complaint filed by a vegetable vendor from Nariman Point, a group of investors gathered outside the company’s Dadar office demanding reimbursement of their investments after the guaranteed returns were discontinued.
Thousands of investors in the Mira-Bhayander region are facing potential losses after Torres Gems Company suddenly shut its doors. The investors came to know about the shop being shut on Monday.
The company, operating under Platinum Haren Private Limited, got registered in 2023. It opened a bigger outlet in Dadar in 2024 and thus expanded to other areas including Mira-Bhayander. ..
The company allegedly empowered investors to focus on moissanite, advertising the highest returns – between 8% to 11% per week. Platinum Haren Private Limited has its registered office at Musical Drama House Building in Girgaon. Registered officers Imran Javed, Sarvesh Surve and Olena Stine all share the company address.
Torres Dadar Extortion: Timeline of Events
Complainant Pradeep Kumar Mamaraj Vaishya alleged that the extortion took place between June 21, 2024 and December 30, 2024. Vaishya
Initially, the company paid returns building financial expert trust. However, all installments, including the largest amount, were stopped on December 30, 2024. The accused are charged with breach of trust and misuse of assistance. Police revealed that the owner of the company may be abroad, and assistance investigations are underway to identify accomplices and trace providers involved in the false schemes.
