Mumbai police on Tuesday arrested three senior functionaries of financial company Platinum Hern Pvt Ltd that operated an alleged ponzi scheme under the brand name of Torres jewelry store chain and alleged to have defrauded 1.25 lakh investors to the tune of Rs 1,000 crore. Two founders of the companies, suspected to be Ukrainian nationals, have allegedly fled the country. The police have issued Look Out Circular (LOCs) against the two masterminds of the mass investment fraud.
Considering the magnitude of the case, top brass of the city police transferred the case to the Economic Offences Wing (EOW) of Mumbai police for a thorough investigation.
On Tuesday, the Shivaji Park police arrested company’s general manager Taniya Xasatova alias Tazagul Karaxanovna Xasatova, 52, director Sarvesh Ashok Surve, 30, and store in-charge Valentina Ganesh Kumar, 44.
Taniya is a Uzbekistan national, while Valentina is an overseas citizen of India of Russian origin, having married an Indian. Surve, an Aadhar card operator, was made the company’s ‘on-paper’ director. All three were produced in the MPID court and remanded to police custody until January 13.
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