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.