Torres Jewellery:-A large number of investors gathered outside the Torres Jewellery office in Dadar, demanding refund of their returns against the company. Know more about this 
Torres Jewellery:-A large crowd of investors gathered outside the Torres Jewelry office in Dadar, Mumbai, demanding the return of their investments, which had been promised with attractive returns. According to a report by Lokmat Times, these investors had put in lakhs of rupees into the company’s schemes, attracted by the promise of high returns. Initially, the company had been distributing the promised returns regularly, but for the past two weeks, the payments stopped. This led to frustration among the investors, who then gathered outside the office to demand their money back.
The company had assured investors a 10% return every week on their investments. However, investors claim that they haven’t received any returns for the last two weeks, and no communication from the company has been provided regarding the delay. The scheme had been running for over a year across various locations in Mumbai, including areas like Grant Road, Navi Mumbai, Kalyan, and Mira Road.
Currently, the investors are not asking for any interest or returns; they just want their principal investment back. Many of them expressed their frustration, saying, “We don’t want any interest, we just want our money back.”
As part of the scheme, Torres Jewelry had promised a 6% return every week on the invested amount, with an added incentive. For instance, if a customer invested ₹1 lakh, they would receive a ₹10,000 discount on a pendant featuring Moissanite stones. The scheme was launched in February 2024, with a commitment to pay the returns over the next 52 weeks. This scheme was supposed to complete its first year in February 2025, but with the delay in payments, investors are now demanding their money back.
Allegations and Police Involvement
The situation escalated, and the police were called to maintain security outside the office. They have reportedly filed a complaint against the top officials of Torres Jewelry, accusing them of deceiving the investors. However, the company, through social media posts, has accused its CEO, Tausif Reyaz, of running a fraudulent scheme and embezzling company funds over several months.
A social media post from Torres Jewelry reads, “We have learned that Tausif Reyaz had planned a fraudulent scheme and systematically siphoned off company funds for months.”
Investors’ Sentiment
The investors are increasingly upset, having been promised substantial returns, only to find that their investments have not been returned as agreed. They have now gathered at the Torres Jewelry office, demanding transparency, accountability, and the return of their principal amounts. The situation is causing significant unrest, and it remains to be seen how the company and the authorities will respond to these growing concerns.
