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Gold Scam Accused Nowhera Shaik Produced In Court

Principal accused in the infamous Heera Gold scam case Nowhera Shaik was today produced before the Ranga Reddy District & Sessions Court.
Hyderabad | 29th January 2019
Principal accused in the infamous Heera Gold scam case Nowhera Shaik was today produced before the Ranga Reddy District & Sessions Court at L B Nagar after a health check-up in a government hospital.

The Kukatpally police brought the Heera Group of Companies founder to the city from a Chittoor jail on a PT warrant in connection with pending cases related to a Ponzi scheme.

Shaik is said to have collected some Rs 6,000 crore from some 1.75 gullible people through the promises of her scheme, and has been in judicial custody in Andhra Pradesh after the AP CID sleuths nabbed her at her native place in Chittoor district for duping customers. Criminal cases were filed by the police in Andhra Pradesh, Mumbai and Karnataka against her for her alleged activities. Four more cases are pending against her in the city, with the CCS also having booked a case against her and arrested her some time back.

Speaking to the media on the court premises, Shaik said that those who had filed cases against her were not investors, and had deliberately filed the cases with bogus charges. She also said that she would repay the amounts taken from her investors. She said that as the case was sub-judice, she would narrate the facts to the judge.
filed in:  Crime, Telangana Crime, Andhra Pradesh Crime, Business Crimes, Nowhera Shaik
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