Firm behind ₹1,000-crore jewellery scam approaches victims with new schemes a year later

Mumbai-based Torres Jewellery, which allegedly cheated 1.25 lakh investors of over ₹1,000 crore through a Ponzi scheme last year, has resurfaced and begun sending fresh investment pitches to its victims. Callers claiming to represent Torres are telling investors they will get their money back only if they reinvest in new schemes. Mumbai Police has warned the public to remain cautious.