<h1>Mumbai Jewellery Brand Promoters Investigated for Rs 18.5 Crore Ponzi Scheme; EOW Arrests and Searches Underway.</h1> The promoters of a jewellery brand in Mumbai are under investigation for allegedly operating a ponzi scheme that defrauded investors of Rs 18.5 crore. The scheme promised returns of 3 to 7 percent weekly and offered incentives like cars and gift cards to attract and reward investors who recruited others. The Mumbai police's Economic Offences Wing (EOW) is leading the investigation, having conducted searches and made arrests. A special cell has been established for victims to report their losses. The number of complainants and the total defrauded amount are expected to increase as the investigation progresses.