Hyderabad Ponzi case: Enforcement Directorate arrests Nowhera Shaik
Nowhera Shaik, the main accused in the Heera Group investment fraud case, has been arrested by the Enforcement Directorate in Gurugram. She was evading investigation after her bail was canceled by the Supreme Court and was found using a fake identity. The Heera Group is alleged to have defrauded over 1.72 lakh investors, collecting more than ₹5,978 crore without returning the principal amounts.
- ▪Nowhera Shaik was arrested in a joint operation by the Enforcement Directorate and Haryana Police.
- ▪She was living under a fake identity and was evading investigation after her bail was canceled.
- ▪The Heera Group is accused of collecting over ₹5,978 crore from investors with promises of high returns.
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“The Enforcement Directorate (ED) has arrested Nowhera Shaik, prime accused in the Heera Group linked alleged investment fraud case of Hyderabad, from Gurugram,” officials said on Friday (May 22, 2026).Ms. Shaik was arrested on Thursday (May 21, 2026) in a joint operation conducted by the ED and the Haryana Police. The officials said she was living in the city under a "fake identity using forged documents." The woman was taken to Hyderabad on Friday (May 22, 2026) and produced before a special Prevention of Money Laundering Act (PMLA) court. Heera Group’s Nowhera Shaik arrested in Haryana, flown back to HyderabadThey said Ms. Shaik was "evading" investigation in the case since her bail was cancelled by the Supreme Court recently.
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