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âš¡Torres Jewellery CEO Tausif Riyaz Arrested in INR 1,000 Crore Fraud

By Team Latestly

Tausif Riyaz, CEO of Platinum Hern, the parent company of Torres Jewellers, was arrested on Sunday at a hotel in Lonavala, Maharashtra, in connection with the INR 1,000 crore Torres Jewellery investment fraud. Riyaz’s arrest comes after weeks of investigation into the high-profile financial scam, which has duped over a lakh investors with false promises of lucrative returns.

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