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Ukrainian actor Armen Atian’s second bail plea rejected in Torres ponzi scheme case

February 09, 2026 5:06 pm

Armen Atian was arrested last year for his alleged role in the Torres case, where investors were duped after being lured with high returns of 6-12% per week on investments in jewellery and precious stones.

ED attaches assets worth Rs 1,986 crore from Ludhiana, Jaipur in PACL scam; total value of seizures nears Rs 7,600 crore

January 27, 2026 3:36 am

The ED’s probe into the PACL scam has allegedly found that investor funds were routed through shell entities and credited to accounts of the late Nirmal Singh Bhangoo, his family, and associates.

Punjab organic farming “ponzi scam”: Over 23,000 investors, Rs 170 crore invested; 8 held, says Khanna SSP

October 17, 2025 10:34 am

Farmers and other people from across Punjab were allegedly lured to invest in the firm which claimed to promote organic farming and promised double returns, said SSP Yadav.

Mumbai: Court approves sale of jewellery seized in Torres Ponzi scam

June 09, 2025 11:34 pm

In March, the EOW had filed a chargesheet into the Rs 142 crore 'scam', where over 14,000 investors were allegedly duped by Platinum Hern Pvt Ltd

Torres Ponzi scheme case: Hawala operator Alpesh Khara used investors' money to book 3 flats in South Mumbai

March 25, 2025 10:14 am

Operators of the Torres Ponzi scheme allegedly used to take cash from investors to Khara who would send money abroad via USDT Cryptocurrency.

Torres fraud: Ukrainian masterminds escaped India via Poland, Dubai and Bangkok

March 17, 2025 10:36 pm

There is already an Interpol's Blue Corner Notice issued against them, and now that a chargesheet is filed, the police will try and get non-bailable warrants issued against them

Mumbai: Court rejects bail pleas of 3 accused in Torres fraud case

March 03, 2025 11:36 pm

On January 6, 2025, Mumbai police registered an FIR, alleging that investors were promised high return investments and were later duped

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Bengaluru investors lose Rs 41 crore in Hyderabad-based Ponzi scheme; 4 FIRs registered

February 25, 2025 6:52 pm

The Bengaluru police say the victims were lured into making short-term investments in an 'invoice discount scheme' that promised 11-22% returns.

Actor held in Torres fraud files pre-arrest bail plea in birth certificate case

February 19, 2025 9:21 am

According to police, they had found that the certificate was not authentic after verifying with the the Brihanmumbai Municipal Corporation

Torres ponzi scheme: Nearly 13,000 victims may receive Rs 40 crore as Mumbai police begins auction on firm’s seized properties

February 18, 2025 3:33 pm

Once the seized properties are auctioned, money will be deposited in EOW's account and then the competent authority will put up a proposal before the court regarding formula for disbursement of money to the investors