Crowd gathers at firms stores after it fails to give promised 11% weekly returns in Mumbai
Crowd gathers at firm's stores after it fails to give promised 11% weekly returns in Mumbai
A large crowd gathered outside Torres Jewellery's stores across Mumbai after the firm failed to give 10-11% weekly returns it promised investors and shut stores overnight. People had reportedly invested lakhs, for which Torres initially delivered returns before stopping in December. "We don't need interest, just the money back," many investors said. Police later deployed security at stores.