Tausif Riyaz Arrested from Lonavala Hotel in Torres Ponzi Scam

Tausif Riyaz Arrested: Mumbai, The alleged CEO of Torres Jewellery, Tausif Riyaz, also known as John Carter, has been arrested from a hotel in Lonavala. According to the police, Riyaz was apprehended while traveling from Patna. He was reportedly staying at a hotel in Lonavala when the arrest took place.

What Is the Torres Ponzi Scam?

The Torres Ponzi Scam has grabbed headlines for defrauding investors on a massive scale. Torres Jewellery, led by a network of alleged executives, is accused of running fraudulent schemes and misappropriating funds. The scam has led to multiple arrests and a deeper probe by authorities.

Key Arrests in the Torres Scam

So far, five individuals linked to Torres Jewellery and its parent company, Platinum Hern Pvt. Ltd., have been arrested:

Tausif Riyaz: CEO of Platinum Hern, the parent company of Torres Jewellery.
Taniya Xasatova (Tazagul Karaxanovna Xasatova): General Manager of Torres Jewellery.
Sarvesh Ashok Surve: Director of Platinum Hern Pvt. Ltd.
Viktoria Kovalenko: Director at Torres Jewellery.
Velantino Kumar: Store in-charge for Torres Jewellery.

Interpol's Action: Blue Corner Notice Issued

Interpol has issued a blue corner notice against eight Ukrainian nationals and one Turkish citizen believed to be connected to this scam. This notice enables global law enforcement to locate and gather information about the suspects' whereabouts.

Police Investigation Progress

The investigation has revealed that the accused were involved in manipulating investments, luring people with high returns, and running fake operations under the brand of Torres Jewellery. Police and Interpol are working together to bring all perpetrators to justice.