A large group of investors gathered outside the office of Torres Company in Dadar, demanding the return of their principal investments after the company failed to deliver promised payments. Many individuals had invested significant amounts, with expectations of a 10% weekly return as assured by the company.
Initially, Torres Company made some payments, but for the past two weeks, no installments have been received, leaving investors frustrated and without any communication from the company. In response to the gathering crowd, Mumbai Police arrived at the scene and increased security at the company’s entrance.
Investors expressed their distress, stating they have not received any updates or information from Torres Company. Operating in various parts of Mumbai for the past year, the company had been consistent with payments until December. However, the sudden halt in payments has caused concern among investors.
Many investors are now demanding the return of their original investments, saying, “We don’t need the interest, just our money back.” Reports suggest that citizens have collectively invested crores of rupees in Torres Company. The lack of communication from the company has led to confusion and anxiety among those affected.
Additionally, it has been reported that the owner of Torres Company is currently residing abroad, adding to the uncertainty faced by the investors.
