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The Enforcement Directorate, Mumbai has registered an Enforcement Case Investigation Report (ECIR) to probe the alleged money laundering in the Torres Ponzi scheme case, agency sources told The Indian Express on Monday.
ED’s case is based on the FIR registered by the Mumbai’s Shivaji Park police station in which the complainant, vegetable vendor Vaishya, 31, has claimed that 1.25 lakh people invested money in the Torres company. Initially, the FIR stated an amount of Rs 13.85 crore of 66 investors. Later, the case was transferred to the Mumbai police’s Economic Offences Wing. As per EOW, till Sunday, nearly 2,000 investors came forward and gave details of their investments worth Rs 37 crore.
ED officials are likely to look into all the money transactions including the foreign remittance of the Platinum Hern Pvt Ltd since its inception in February 2023.
In the Torres fraud case, the alleged whistleblowers have claimed that the investors were encouraged to make investments in cash. The cash was later centrally collected at Dadar and through alleged hawala operators would be converted into USDT (Tether/crypto currency) to be illegally send abroad.
The whistleblowers have claimed that the Ukrainian masterminds of the Torres fraud case are suspected to have sent Rs 200 crore abroad. ED will verify all these claims, sources said.
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