In Thane, Maharashtra, a coaching institute has been accused of defrauding students preparing for the Joint Entrance Examination (JEE) out of ₹3 crore. Eight officials associated with the institute have been booked in connection with the case. Meanwhile, in Mumbai, the Torres Company has come under scrutiny for allegedly running a Ponzi scheme that defrauded investors of over ₹13 crore. The company, which initially sold jewelry, promised returns of 10% weekly but ceased payouts, leading to protests from investors outside its locked office. Authorities have initiated an investigation into both cases, highlighting ongoing concerns about financial fraud in the region.