{
  "id": 16655207,
  "title": "Torres Fraud Case: Mumbai Special PMLA Court Rejects EOW Plea To Release ED-Attached Properties Worth ₹1.75 Crore",
  "url": "https://urgent.news/2026/10/26/torres-fraud-case-mumbai-special-pmla-court-rejects-eow-plea-to",
  "topic": "world",
  "section": "World",
  "published": "2026-10-26T19:27:09.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/torres-fraud-case-mumbai-special-pmla-court-rejects-eow-plea-to-release-ed-attached-properties-worth-175-crore"
  },
  "original_language": "en",
  "account": "On October 26, 2026, a special Prevention of Money Laundering Act (PMLA) court in Mumbai rejected the Economic Offences Wing's (EOW) plea to release properties attached by the Enforcement Directorate (ED) during their investigation into the Torres fraud case. The EOW sought the properties to compensate affected investors, who allegedly lost Rs 142 crore due to the actions of Platinum Hern Pvt Ltd, a company that operated the jewellery brand Torres. The company allegedly promised investors a 6% weekly return on investments through the purchase of jewellery studded with moissanite, but instead stole the funds. After the EOW investigation, the ED attached properties worth Rs 1.75 crore. Prosecutors argued that the EOW had attached assets worth Rs 18.24 crore and should be given the remaining properties. However, the court rejected this plea, stating that an investigating agency cannot claim attached property simply because the trial has not commenced.",
  "summary": "Mumbai, October 26, 2026: A special Prevention of Money Laundering Act (PMLA) court has rejected an application filed by the Economic Offences Wing (EOW) seeking the release of properties attached by the Enforcement Directorate (ED) during its money laundering investigation into the Torres fraud case. The EOW had sought the properties to compensate affected investors. The EOW claimed that around…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}