The Shivaji Park police have arrested three individuals, including two foreign nationals, in connection with the Torres scam. The accused are allegedly involved in duping investors of Rs 13.48 crore under the pretext of offering returns through investments in the luxury jewellery brand based in Mumbai and Navi Mumbai.

The arrest follows an FIR registered against Ashok Surve, the director of Torres, and four other individuals. The scam came to light on January 6 when investors, who had trusted the brand's promise of returns, were shocked to find the brand's stores in Dadar and Navi Mumbai’s Sanpada shut without any prior notice. Investors then approached the Shivaji Park police station to file an FIR and demand the return of their principal investment.