Particle.news
Download on the App Store
4 ARTICLES
·
3d ago

Mumbai Police Initiate Extradition of Key Torres Ponzi Suspect Traced in Ukraine

EOW has forwarded an extradition request to Ukrainian authorities through Interpol with all documents translated into Ukrainian for formal approval of Igor’s return to face charges.

Image
The Torres jewellery showroom in Dadar, Mumbai. (Anshuman Poyrekar/ HT Photo)
Image

Overview

  • Mumbai Police’s Economic Offences Wing located Lurchenko Igor in Ukraine following a Blue Corner Notice issued through Interpol in May.
  • EOW forwarded an extradition request via Interpol; officers are ready to travel once Ukraine formally acknowledges India’s investigation.
  • Igor stands accused as one of nine foreign nationals behind the ₹150 crore Torres scheme that sold synthetic moissanite as high-value gems with promises of up to 400% returns.
  • Enforcement Directorate tracing has revealed ₹177.11 crore laundered through hawala networks and cryptocurrency, while assets worth over ₹32 crore have been seized for investor refunds.
  • Despite comprehensive chargesheets filed by EOW and ED, several masterminds from Ukraine and Turkey remain at large as international cooperation accelerates.