ED to e-auction Nowhera Shaik’s properties in city on Tuesday
3 weeks, 5 days ago

ED to e-auction Nowhera Shaik’s properties in city on Tuesday

Deccan Chronicle  

Hyderabad: Following Supreme Court orders, officials from the Enforcement Directorate will e-auction two properties of Nowhera Shaik that are located at two different places here on March 4. The two properties belong to Heera Retail Private Limited, represented by the managing director Nowhera Shaik and Heera Foodex Pvt. The other building admeasuring 3,726 square yards and built up area of 1,05,353 square feet at Hydershakote village in Gandipet mandal has a start price of `42.50 crore. The ED registered cases against Nowhera Shaik and her illegal money collection on the pretext of Ponzi activities and seized her properties.

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History of this topic

ED Secures ₹6,189 Cr Property Restitution for Fraud Victims
2 weeks, 6 days ago

ED Secures ₹6,189 Cr Property Restitution for Fraud Victims

Deccan Chronicle  

Hyderabad: For the first time in Telangana, officials from the Directorate of Enforcement, Hyderabad, who are probing a number of cases pertaining to financial irregularities, have focused on the victim's centricity in securing justice as per law. They have obtained court’s approvals for restitution of attached properties in four cases worth Rs 6,189 crore and restore them to all those …

ED attached properties worth ₹103.4 crore in ponzi scheme case
2 months, 2 weeks ago

ED attached properties worth ₹103.4 crore in ponzi scheme case

The Hindu  

The Directorate of Enforcement, Hyderabad, provisionally attached 27 immovable properties having market value of ₹103.4 crore under the provisions of the Prevention of Money Laundering Act, 2002 in a ponzi scheme case related to Nowhera Shaik and Heera Group of Companies. The ED has been investigating money laundering case against Heera Group of Companies and their managing director Nowhera Shaik …

Heera Group assets worth Rs 100 crore attached
2 months, 2 weeks ago

Heera Group assets worth Rs 100 crore attached

New Indian Express  

HYDERABAD: The Hyderabad zonal unit of the Enforcement Directorate has provisionally attached 27 immovable properties with an estimated market value of Rs 103.4 crore under the provisions of the PMLA in an alleged Ponzi scheme involving Heera Group of Companies. ED investigation revealed that Nowhera and Heera Group utilised part of Proceeds of Crime to purchase various immovable properties in …

ED Attaches Rs 103 Crore Assets of Nowhera Shaik
2 months, 2 weeks ago

ED Attaches Rs 103 Crore Assets of Nowhera Shaik

Deccan Chronicle  

Hyderabad: The Directorate of Enforcement officials on Wednesday attached 27 immovable properties having market value of Rs. 103.4 Crore under the provisions of the Prevention of Money Laundering Act, 2002 in a ponzi scheme case related to Nowhera Shaik and Heera Group of companies. The investigation agency is investigating a money laundering case against Heera Group of Companies and their …

Heera Gold Scam : Supreme Court Directs ED To Auction Two Properties, Asks Nowhera Sheikh To Deposit Rs 25 Crores
4 months, 2 weeks ago

Heera Gold Scam : Supreme Court Directs ED To Auction Two Properties, Asks Nowhera Sheikh To Deposit Rs 25 Crores

Live Law  

The Supreme Court yesterday extended the period to surrender forf Nowhera Shaikh, the Managing Director of Heera Gold Exim Private Limited, to 3 months in a miscellaneous application filed in the main matter related to fraud and cheating of investors across the country. Apart from this, the Court has directed the Enforcement Directorate to auction 2 properties and pay 25 …

ED attaches 24 properties of Heera Group worth Rs.33 cr
2 years ago

ED attaches 24 properties of Heera Group worth Rs.33 cr

Deccan Chronicle  

Hyderabad: The Enforcement Directorate attached 24 immovable properties of Nowhera Shaik and Heera Group, Hyderabad, worth Rs 33.06 crore under the provisions of the Prevention of Money Laundering Act, 2002 in a case related to alleged defrauding of people. The ED has been investigating a money laundering case against the Heera Group and Nowhera Shaik for cheating gullible people and …

Nowhera Sheik case: ED attaches Rs 78 crore worth properties
2 years, 3 months ago

Nowhera Sheik case: ED attaches Rs 78 crore worth properties

Deccan Chronicle  

HYDERABAD: Officials from the Directorate of Enforcement, probing the money laundering case against Nowhera Sheik, attached movable and immovable assets worth Rs. Four years back, in 2018, the ED had registered a money laundering case against Nowhera Sheik and others who had collected more than Rs. 148 crore to SA Builders and Developers for purchasing properties in Tolichowki whereas properties …

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