CEO of Torres Jewellery, has been arrested in multi-crore Ponzi scam, and remanded to police custody amid ongoing investigations. Tausif Riyaz, the CEO of Platinum Hern, the company behind the controversial Torres Jewellery brand, was arrested by Mumbai Police’s Economic Offences Wing (EOW) on Sunday in connection with a multi-crore Torres Ponzi scam. Riyaz was caught at a hotel in Lonavala after being on the run for several weeks after the scam came to light. Riyaz, who was the fifth individual to be arrested in the case, was presented before…
Read MoreTorres Ponzi Scheme Unveiled: ₹1,000 Crore Scam Leaves Thousands in Ruins
