India, Feb. 18 -- As part of its investigation into the Torres Jewellery scam, the Economic Offences Wing (EOW) of the Mumbai Police has submitted an application before the special Maharashtra Protection of Interest of Depositors (MPID) court, seeking directions on the auction of items, including furniture and stones, seized by it.

Police also said they have written to the collector to appoint a competent authority to distribute the proceeds from the auction to investors who were defrauded by the jewellery brand via various investment schemes across 2024.

Police have so far seized valuables and furniture worth Rs.35 crore, and have identified eight of the 15 cars which they are yet to impound. The cars were distributed in lucky draws as...