EOW team visits Torres outlets as scam amount rises

The promoters of Torres, which is being probed for allegedly running a ponzi scheme, promised cars, flats, gift cards and hampers to attract investors

Hundreds of investors have alleged that they have been duped and a probe into these allegations is being carried out by the Mumbai Police`s EOW

The probe has found the promoters made a combination of ponzi and multi level marketing (MLM) schemes and had promised returns of 3 to 7 percent per week

Initially, there were 66 investors who lodged complaints, and the amount was Rs 13.48 crore. This figure has increased to Rs 18.5 crore, an official said

The figure is expected to rise further in the days to come, the official said