ED conducts searches at Mumbai, Jaipur in Torres Ponzi scheme money laundering case
The Enforcement Directorate is investigating the Torres Ponzi scheme, raiding 13 locations in Mumbai and Jaipur. The scheme, involving deceptive multi-level marketing, defrauded over 18,000 individuals, netting crores of rupees. Eight accused, including seven Ukrainians, escaped before the probe began. Two directors and a senior executive have been arrested so far.
