https://www.taxtmi.com/news?id=31195 Enforcement searches were conducted in Mumbai and Jaipur under the Prevention of Money Laundering Act after taking cognisance of an Economic Offences Wing FIR into an alleged Ponzi and MLM fraud by the Torres jewellery brand; thousands of investors complained and several senior executives were arrested. Police and the federal agency are seeking the scheme's alleged mastermind to trace initial funding, proceeds and beneficiary channels, while the judiciary criticised alleged police dereliction of duty for delayed action. en-us Thu, 23 Jan 2025 12:01:02 +0530 Thu, 23 Jan 2025 12:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31195 Enforcement searches were conducted in Mumbai and Jaipur under the Prevention of Money Laundering Act after taking cognisance of an Economic Offences Wing FIR into an alleged Ponzi and MLM fraud by the Torres jewellery brand; thousands of investors complained and several senior executives were arrested. Police and the federal agency are seeking the scheme's alleged mastermind to trace initial funding, proceeds and beneficiary channels, while the judiciary criticised alleged police dereliction of duty for delayed action. News - Thu, 23 Jan 2025 12:01:02 +0530 https://www.taxtmi.com/news?id=31195