The police had arrested three accused– Tazagul Xasatov, a Uzbekistan national, Valentina Ganesh Kumar, a Russian national and Sarvesh Surve — all senior executives of the firm, in this case till now.Investigators have said that the promoters of Torres jewellery brand had promised cars, flats, gift cards and hampers to attract investors.The Bombay High Court on Wednesday said police officials committed dereliction of duty by failing to take prompt action in the Torres investment scam.”Nobody has acted with alacrity,” a division bench of Justices Revati Mohite Dere and Neela Gokhale said.Both the police and the ED are looking to find the mastermind of the fraud, who started the jewellery company (Platinum Hern) that owns the Torres brand and from where the accused got the initial fund for the firm, the sources said.
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