The Enforcement Directorate (ED), Hyderabad Zonal Office, has completed the registration of seven immovable properties auctioned for Rs 15.03 crore in connection with the Rs 5,978-crore Heera Group Ponzi scam.
The Enforcement Directorate (ED) in Hyderabad has arrested Nazneen Ansari alias Abeeda, personal assistant to Heera Group chief Nowhera Shaik, in connection with a money laundering case.
The Enforcement Directorate (ED), Hyderabad Zonal Office, has arrested Nowhera Shaik, founder of Heera Group of companies, in Gurugram for allegedly defrauding over 1.7 lakh investors of Rs 3,000 crore.
The Telangana High Court on Thursday refused to stay or quash the non-bailable warrants issued against Heera Group MD Nowhera Shaik by the Special Court for PMLA cases. Justice E.V. Venugopal directed her to surrender while asking the Enforcement Directorate and the State Government to file their response.
The Central Crime Station (CCS) police arrested her in October 2018 in connection with Ponzi scheme case and since then she was behind bars at various prisons in southern States
During the investigation, it was revealed that Nowhera Shaik hatched a conspiracy and lured innocent people to deposit their savings with her for 'profit' sharing rather than interest, which is not allowed in Islam.
