Mumbai: The Economic Offences Wing (EOW) of Mumbai Police has filed a 27,147-page chargesheet in a special court on Monday, following 69 days of investigation into the multi-crore Torres Company scam that surfaced at the beginning of 2025. The chargesheet includes details of 8 arrested accused and 11 absconding individuals, revealing that the total fraud amounted to ₹142.58 crore.

According to EOW officials, the eight arrested individuals named in the chargesheet are Platinum Hearn Private Limited,Taniya alias Tazgul Kasatova, Valentina Ganesh Kumar, Sarvesh Surve, Alpesh Khara, Tausif Riaz, Armen Atian and Lallan Singh.Among the 11 absconding accused, eight are Ukrainians, two are Indians, and one is a Turkish national. Authorities are currently conducting efforts to track them down.

The chargesheet reveals that 14,157 victims were defrauded, with a total scam amounting to ₹142.58 crore. EOW has recorded statements from 280 witnesses, with the most crucial testimony provided by CA Abhishek Gupta, who uncovered the scam.

As per the chargesheet, accused Lallan Singh was responsible for converting black money into white through various financial institutions. Investigations indicate that ₹13.78 crore of black money was laundered and later used to establish the operations of Torres Jewellery in Mumbai.

Before filing the chargesheet, EOW invoked the BUDS Act (Banning of Unregulated Deposit Schemes Act), allowing authorities to seek approval from the Deputy Collector for the return of property. The ₹32 crore worth of seized assets, including cash and furniture, will soon be auctioned, with proceeds distributed among victims.

According to the chargesheet, initial cash investments were deposited in various financial institutions before being transferred to the Torres Company’s accounts. This money was primarily used to fund the operations of Torres Jewellery.

EOW officials have also scrutinized multiple bank accounts linked to Platinum Hearn Private Limited and its associates, uncovering suspicious transactions and connections with other financial entities. Authorities continue to probe the whereabouts of the absconding accused, and further action is expected in the coming weeks.