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of <h1>Mumbai Police Probes Torres Investment Scam; 12,783 Defrauded in Rs 130 Crore Ponzi Scheme, Six Arrested, Nine Wanted</h1> The Economic Offences Wing of Mumbai police is investigating the Torres investment scam, where 12,783 investors were defrauded of Rs 130 crore through Ponzi and multi-level marketing schemes. Six individuals have been arrested, while nine others, primarily from Ukraine and Turkey, remain wanted. The accused have reportedly launched similar schemes in Bulgaria under a different company name. The EOW is verifying this information and plans to collaborate with Bulgarian authorities. The agency has recovered Rs 35 crore in assets and is seeking court permission to auction company assets to potentially return Rs 40 crore to investors.
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