https://www.taxtmi.com/news?id=45201 Police investigation targets an alleged Torres investment fraud combining Ponzi and multi-level marketing schemes; the EOW registered an FIR against operators of a Kalyan jewellery outlet, named multiple accused, and reported over 1,400 investors cheated and aggregated losses of around eleven crore rupees. The FIR cites offences of cheating, criminal breach of trust and common intention alongside provisions of the Maharashtra depositor-protection statute. Authorities have appealed to additional victims to come forward to support the ongoing probe and potential criminal proceedings. en-us Fri, 30 May 2025 14:16:03 +0530 Fri, 30 May 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45201 Police investigation targets an alleged Torres investment fraud combining Ponzi and multi-level marketing schemes; the EOW registered an FIR against operators of a Kalyan jewellery outlet, named multiple accused, and reported over 1,400 investors cheated and aggregated losses of around eleven crore rupees. The FIR cites offences of cheating, criminal breach of trust and common intention alongside provisions of the Maharashtra depositor-protection statute. Authorities have appealed to additional victims to come forward to support the ongoing probe and potential criminal proceedings. News - Fri, 30 May 2025 14:16:03 +0530 https://www.taxtmi.com/news?id=45201