1,535 Torres investors' complaints received by cops

The Economic Offences Wing (EOW) of the Mumbai Police, which has taken over the investigation into the multicrore investment scam involving the Torres jewellery firm, said they received complaints from 1,535 investors.

- Vinay Dalvi

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police, which has taken over the investigation into the multicrore investment scam involving the Torres jewellery firm, said they received complaints from 1,535 investors. Officials have also uncovered substantial evidence indicating widespread fraud.

During search operations at the chain's main store in Dadar on Saturday, authorities seized cash, gold, and silver valued at approximately ₹9 crore. The expansive 11,500-square-foot store in Dadar, which served as the chain's flagship outlet, had been operating at a steep monthly rent of ₹25 lakh, according to police sources.

"Complainants are coming forward every day. So far, we have received 1,535 complaints, but the tally of investor losses is still being calculated," said a senior police officer.