https://www.taxtmi.com/news?id=34737 Allegations focus on money laundering through conversion of illicit receipts into legitimised funds by depositing proceeds in dummy firms and obtaining cheques from them; a financial consultant figure was arrested as the seventh accused. The underlying Torres jewellery operation, run by Platinum Hern Pvt Limited, is described as operating via combined Ponzi and multi-level marketing schemes that generated thousands of investor complaints and substantial alleged losses. en-us Thu, 20 Feb 2025 20:46:02 +0530 Thu, 20 Feb 2025 20:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34737 Allegations focus on money laundering through conversion of illicit receipts into legitimised funds by depositing proceeds in dummy firms and obtaining cheques from them; a financial consultant figure was arrested as the seventh accused. The underlying Torres jewellery operation, run by Platinum Hern Pvt Limited, is described as operating via combined Ponzi and multi-level marketing schemes that generated thousands of investor complaints and substantial alleged losses. News - Thu, 20 Feb 2025 20:46:02 +0530 https://www.taxtmi.com/news?id=34737