https://www.taxtmi.com/news?id=70693 The accused is alleged to have participated in a criminal conspiracy under Platinum Hern Pvt Ltd's Torres scheme, a combination of Ponzi and MLM operations that collected Rs 148.89 crore from 14,964 investors by promising immediate and weekly returns on investments in moissanite, gold and diamonds. The court denied bail citing the nature, gravity and magnitude of the offence, ongoing related investigations with other registered crimes, absconding principal accused, and a real risk of the accused fleeing or tampering with prosecution evidence. en-us Mon, 09 Feb 2026 20:16:04 +0530 Mon, 09 Feb 2026 20:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70693 The accused is alleged to have participated in a criminal conspiracy under Platinum Hern Pvt Ltd's Torres scheme, a combination of Ponzi and MLM operations that collected Rs 148.89 crore from 14,964 investors by promising immediate and weekly returns on investments in moissanite, gold and diamonds. The court denied bail citing the nature, gravity and magnitude of the offence, ongoing related investigations with other registered crimes, absconding principal accused, and a real risk of the accused fleeing or tampering with prosecution evidence. News - Mon, 09 Feb 2026 20:16:04 +0530 https://www.taxtmi.com/news?id=70693