ED arrests Heera group chief in ₹3k-cr fraud case
Nowhera Shaik, the founder of Heera Group, was arrested for her involvement in a ₹3,000 crore investment fraud. She had been evading authorities using a fake identity and was apprehended in Gurugram. The Enforcement Directorate is investigating multiple complaints from investors who were allegedly duped by fraudulent schemes.
- ▪Nowhera Shaik was arrested by the Enforcement Directorate in a joint operation with Haryana police.
- ▪She allegedly defrauded over 1.72 lakh investors through high-return investment schemes.
- ▪The ED claims that investor funds were diverted to personal accounts and used to acquire assets.
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ED arrests Heera group chief in ₹3k-cr fraud caseNowhera Shaik, founder of Heera Group, was arrested for a ₹3,000 crore investment fraud after evading authorities in Gurugram, using a fake identity.Published on: May 23, 2026 7:00 AM ISTBy Srinivasa Rao ApparasuShare viaCopy link Hyderabad The Enforcement Directorate (ED), Hyderabad zone, on Friday announced the arrest of Nowhera Shaik, founder of the Hyderabad-based Heera Group, in an alleged ₹3,000 crore investment fraud case from her hideout in Haryana’s Gurugram in a joint operation with the Haryana police on Thursday.ED arrests Heera group chief in ₹3k-cr fraud caseIn an official statement, the ED said Nowhera Shaik was living in Sector-45 of Gurugram under the fake identity of Shaik Khamar Jahan using forged documents along with her…
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