Mumbai:
Alleged Torres scam of Rs 1,000 crore (Torres Scam) Wanted accused and former CEO of the company Tuasef Reyaz has described himself as the whistleblower of this scam. He claims that as soon as he came to know about this, he informed the concerned agencies on January 4 and also provided detailed documents and evidence narrating the ongoing scam. Mumbai’s Shivaji Park (Shivaji Park) Police have arrested three accused in this case.

The accused said there was a threat to his life

There is a 182-page whistleblower report on this alleged scam by Torres, which claims that this fraud was operated by the people behind the B2B jewelery scam in Ukraine and Russia in 2019. This case has now been handed over to EOW of Mumbai Police for further investigation. EOW is also investigating the claims made in the report of this whistleblower. Accused Reyaz wanted these documents (Reyaaz) Has shared with many agencies. In these documents, Reyaz has claimed that he made continuous efforts to bring the matter to light and because of this his life is in danger.

What allegations did the accused make?

In a letter sent to the agencies, they alleged that Torres operated a Ponzi scheme under the guise of a jewelery business, which involved financial irregularities such as tax evasion, excessive cash expenditure and possible money laundering. He said that Torres Scam B2B Jewelery (Ukraine) and Cancri Jewelery Turkey The structure of the scam is like a scheme which was being run by all the same people.

Information about fraud given to agencies

Reyaz has requested for immediate intervention by providing information to Income Tax, Finance and other agencies for the safety of customers and to prevent further financial loss. Reyaz has also given the agencies a letter written by Sarvesh Surve, the company director and one of the accused arrested by the Shivaji Park police. Reyaz claimed that Surve had also informed the concerned agencies about the fraud and sent a letter to the Prime Minister of India exposing the scheme.