State vs Lurchenko Igor — Torres Jewellers investment fraud

Updates

1. News11 Jul 2025

   Ukrainian national wanted in Rs 142 crore Torres Jewellers’ investment fraud to be extradited

   Mumbai: Lurchenko Igor, a Ukrainian national wanted in the Rs 142 crore Torres Jewellers' investment fraud, was located in Ukraine.

   Explanation in simple terms

   Igor Lurchenko, a Ukrainian citizen, is being brought back to India to face trial for his alleged role in a major investment scam involving Torres Jewellers. He is accused of cheating investors out of 142 crore rupees. Authorities have successfully arranged for his extradition, meaning he will now be transferred from his current location to Indian custody to answer for these criminal charges in court.

   timesofindia.indiatimes.com
2. News10 Jul 2025

   Key gang member of Torres Ponzi scheme traced to Ukraine

   Investigations into the Torres investment fraud, which allegedly duped over 14,000 investors of approximately Rs 150 crore, have identified Ukrainian national Lurchenko Igor as a key mastermind. Authorities have confirmed his location in Ukraine and have initiated the extradition process.

   Explanation in simple terms

   Authorities have finally located a key member of the Torres Jewellers investment fraud scheme hiding in Ukraine. This person was a major player in the Ponzi scheme that cheated many investors out of their money. Now that his location is known, officials can begin the process of bringing him to justice. This is a significant step forward in holding those responsible for the fraud accountable for their actions.

   indianexpress.com