The Indian government has initiated an extradition request for Olena Stoian, a Ukrainian national detained in Moldova, in connection with the ₹177-crore (approximately $21.3 million USD) Torres Jewellery fraud. Stoian was arrested under an Interpol Red Corner Notice issued at India's request after she failed to appear before a special court in Mumbai following a charge sheet by the Enforcement Directorate (ED). The charge sheet names Stoian and 12 others, including fellow Ukrainian Oleksandr Zapichenko, as the primary architects of the fraud, which involved luring investors with promises of high returns on low-value synthetic gemstones. The schemes reportedly operated through misleading advertisements and a Ponzi system, leading to unauthorized cash deposits without Reserve Bank of India (RBI) approval. The ED's investigation has revealed the use of sophisticated communication methods among the accused, including a deleted Telegram group used for cash disbursements. The ED expects a response from Moldova regarding the extradition request within a week.