Mumbai: Investors Smash Glass Panes Of Torres Jewellery Outlet In Kandivali Amid Investment Fraud Scandal; Case Registered

The Kandivali police have registered a case against three unidentified individuals for allegedly smashing the glass panes of the Torres Jewellery outlet in Kandivali West and causing damage on Monday. The group had gathered at the store in connection with an investment fraud, but the store was closed. 

The case was filed under Sections 125 (pertaining to punishment for actions that endanger the personal safety or life of others), 324(2) (mischief), and 329(4) (trespass) of the Bharatiya Nyaya Sanhita. The case was filed on Monday.According to the police, the incident occurred on Monday around 11 a.m.

After the Shivaji Park incident, investors gathered outside the Torres Jewellery outlet in Kandivali and threw stones at the store. A major financial scam involving Torres Jewellers has come to light, with the Shivaji Park police registering an FIR against the company’s directors and CEO for allegedly defrauding investors of over Rs.13.48 crore.

Investors had also gathered outside the company’s office in Dadar, demanding the return of their principal amounts after the promised investment returns stopped.