Archive · 25 Jan 2026
Mumbai Court Rules Toyota Glanza Proceeds of Crime in Torres Fraud Case
In Mumbai, a special court decided that a Toyota Glanza car seized in a fraud case involving Torres Jewellers is part of the illegal money from the scam.
A man named Abdul Khan said he won the car in a lucky draw after investing in the scheme, but the court didn't believe him.
The court said the car was bought with money taken from people who invested in the scheme, which was a big scam promising high returns and prizes.
The Economic Offences Wing is investigating the case, and many people have been arrested.
The court also said that the investigating agency is already doing what needs to be done, so it didn't give any special orders to speed up the case.
A special court in Mumbai rejected the release of a Toyota Glanza car seized in the Torres Jewellers fraud case, ruling it as proceeds of crime.
Abdul Khan claimed he won the car in a lucky draw after investing in the scheme, but the court did not accept his claim.
The prosecution argued that the car was purchased using funds collected from investors as part of the alleged fraud.
The Torres fraud case involves allegations of a large-scale Ponzi scheme where thousands of investors were duped.
The court also turned down a plea from scam victims seeking directions to the investigating agency, noting that necessary actions had already been initiated.
- Who
- Abdul Khan, Torres Jewellers, and the Economic Offences Wing (EOW)
- What
- A special court rejected the release of a Toyota Glanza car seized in the Torres Jewellers fraud case, deeming it proceeds of crime
- When
- The exact date is not specified in the article
- Where
- Mumbai, India
- Why
- The court ruled that the car was purchased using funds collected from investors as part of the alleged fraud
- Vehicle Involved
- Toyota Glanza G car
- Claimant
- Abdul Khan
- Company Involved
- Torres Jewellers
- Nature of Case
- Ponzi scheme
- Investigating Agency
- Economic Offences Wing (EOW)
- Court's Decision
- Denied release of the vehicle