The Torres scam that broke out in Mumbai bringing down curtains on a fraud that allegedly devoured about Rs 1,000 from over 1.2 lakh investors around the region.
10th Fail CEO
The Economic Offences Wing (EOW) of Mumbai Police has officially named Viktoriia Kovalenko and Olena Stoin as the main masterminds behind the fraudulent scheme.
In addition, the investigation into the matter has also further revealed that the company's chief executive officer (CEO) Tausif Reyaz is a secondary school drop out, having failed to clear 10th grade.
Tausif Reyaz is currently absconding.
Uzbek national Tania Kasatova |
Spinning a Charade
According to reports, Tausif Reyaz was running an Aaadhar centre who the two masterminds of this scam approached him to head the company.
The charade was elaborate, as the Ukrainians asked Reyaz to dress and behave in a sophisticated manner, donning coat, to give an impression of the company CEO.
It is also been learned that despite his top position in the company, he drew a relatively small paycheque of about Rs 46,000.
Another pawn in this shady scheme was Sarvesh Surve, who was appointed as a director of the company.
The Masterminds
The ostensibly high position did not earn surve much, as he earned around Rs 25,000.
While the two earned a paltry sum, while projecting to be the face of the company, two Viktoriia Kovalenko and Olena Stoin made the most of the scam.
The scam revolved around sky-high, unheard-of returns and benefits, that drowned many.
Mossainte, chemical compound, a fake gem was at the centre of it all. The promoters of the company enourgaed investors to bet on the fake gem.
Whisteblower Asks For Protection
Recently, in addition to Mumbai and Mira Bhayandar, it was also revealed that 193 investors were duped Of Rs 4.5 Crore in Navi Mumbai under garb of high returns.
So far three arrests have been made in the case. Uzbek national Tania Kasatova and Russian national Valentino Ganesh Kumar, along with Sarvesh Surve were among them. The three had been remanded into custody until January 13.
Meanwhile, the case's whistleblower, Abhishek Gupta, has sought police protection in the matter.
