https://www.taxtmi.com/news?id=31772 A criminal investigation into alleged investment fraud by a jewellery retail network has produced multiple arrests, including a key intermediary connecting foreign promoters with local operators. Authorities allege the enterprise employed both Ponzi and multi-level marketing techniques to solicit investments through store schemes, prompting thousands of investor complaints and significant alleged losses. One foreign national seeks bail claiming only intermittent interpreter work and denial of managerial ties; the court has asked prosecution to respond while investigations and searches for remaining accused continue. en-us Tue, 28 Jan 2025 20:46:03 +0530 Tue, 28 Jan 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31772 A criminal investigation into alleged investment fraud by a jewellery retail network has produced multiple arrests, including a key intermediary connecting foreign promoters with local operators. Authorities allege the enterprise employed both Ponzi and multi-level marketing techniques to solicit investments through store schemes, prompting thousands of investor complaints and significant alleged losses. One foreign national seeks bail claiming only intermittent interpreter work and denial of managerial ties; the court has asked prosecution to respond while investigations and searches for remaining accused continue. News - Tue, 28 Jan 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=31772