💨 Abstract

The Enforcement Directorate conducted searches on Jan 23 in the Torres investment fraud case, a jewelry company accused of swindling over Rs 57 crore through Ponzi and multi-level marketing schemes. About 3,700 investors have filed complaints, and the police arrested three senior executives. The high court criticized the police for delayed action. Both agencies are investigating to find the mastermind who started the company and provided initial funds.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖