Mumbai May 30 (UNI) The recently field chargesheet by the Enforcement Directorate (ED) in the Mumbai Torres Ponzi fraud case found that the Ukrainian masterminds, with the help of an Indian hawala operator, an entry operator and others, allegedly laundered Rs 177.11 crore.
The ED’s investigation was based on an FIR registered by the APMC police in Vashi, neghbouring Navi Mumbai city , against the firm, its directors, and senior executives allegedly involved in the fraud. M/s Platinum Hern Pvt Ltd had lured its customers to pay huge sums for moissanite diamonds and other jewellery.
Agency sources said instead of using the cash for legitimate business purposes, it was routed through hawala operators to be converted into cryptocurrency to be sent abroad, which was operated by Ukrainian masterminds.