Hyderabad, June 20 (IANS) The Enforcement Directorate (ED) has auctioned as many as 23 immovable properties worth approximately Rs 159 crore linked to alleged financial fraud accused Nowhera Shaik, the Heera Group of Companies, and associated entities, marking a significant step towards compensating thousands of investors, who were allegedly duped across the country, the agency said on Saturday.Shaik is the chief of Heera Group of companies.The ED said that the auction was conducted through Meta…
Latest Nowhera Shaik News & Updates
Hyderabad, June 3 (IANS) The Directorate of Enforcement (ED), Hyderabad Zonal Office, has arrested one Nazneen Ansari alias Abeeda in the case of Heera Group and others, involving defrauding investors. The Central agency said in a release on Wednesday that she was arrested on Tuesday under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002.ED initiated an investigation based on multiple FIRs registered by Telangana Police and Andhra Pradesh Police against Nowhera Shaik, Heera Grou…
Hyderabad, May 22 (IANS) Enforcement Directorate (ED), Hyderabad Zonal Office, has arrested Nowhera Shaik, founder of Heera Group of companies from Gurugram, Haryana, in the case relating to defrauding of investors. The arrest was made on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the ED said in a release here on Friday.She was brought to Hyderabad on Thursday night and produced before the PMLA Court, which remanded her to judicial custody. According to…
Hyderabad, Jan 12 (IANS) The Directorate of Enforcement (ED) has arrested an imposter who was trying to interfere in the working of the Directorate in connection with an ongoing investigation against Heera Gold MD Nowhera Shaik and others.The ED, Hyderabad Zonal Office, said on Monday that Kalyan Banerjee was produced before a Special PMLA Court, which remanded him to judicial custody till January 23.The ED said that after failing to legally protect properties acquired by her out of Proceeds of …