Nowhera Shaik said that she was completely cooperating with the investigation agencies, and that no depositor of her group should be scared about their deposits.
The Managing Director of the Hyderabad-based Heera group today claimed that she had not cheated any of the investors of her companies.
Nowhera Shaik, who is the main accused in the Heera group scam, made the claim while speaking to the media after appearing before the officials of the ED in connection with the scam.
Shaik said that she was completely cooperating with the investigation agencies, and that no depositor of her group should be scared about their deposits.
She reiterated that she was ready to double the investments of every investor, and that she had already deposited the monies of the investors in the courts concerned in the form of a DD. She also said that she got permission from Supreme Court to sell her assets.
Talking about the ED inquiry, Shaik said that she had submitted the details of the money returned to the depositors so far.
Nowhera alleged that false cases had been filed against her due to political pressures, claiming that she was arrested within three days of announcing her political outfit. She asserted that she was not scared of any kind of arrests, and that she would continue to do her business.
filed in:Crime, Hyderabad Crime, Nowhera Shaik, Enforcement Directorate, Business Crimes