We at Mumbai Multimedia Studio (MMS) frequently & regularly published on this hottest viral subject for its audience and reader - This time after of Dr Nowhera her release from the custody on conditional bail. Its almost 3 (three) weeks passed nothing has been comes up from the Heera Group - such as their interim plan, disbursing of investors hard earned money, Heera Gold Group future plan, returning of investors money in how many installment, full or final settlement, as the grieved, downtrodden, broken investor eagerly awaits their announcement.
https://www.multimediastudio.net/post/heera-group-of-companies-a-ponzi-scam-www-multimediastudio-net
Introduction of Personality as Aapa:
Nowhera Shaikh - A CEO of the HEERA GROUP, which may be a consortium of two instructive & constructive organizations , and 18 organizations managing in numerous fields including, however not constrained to gold, speculation, material, adornments, drinking water, rock, visits and ventures, land, hardware, Hajj and Umrah administrations, and so on. She could be a human rights dissident and an Islamic researcher. She is additionally engaged with numerous philanthropic and altruistic exercises. What makes Ms. Nowhera Shaikh an exceptional identity? within the present world, being a woman business visionary may be a standard thing, yet the real test for Ms. Nowhera Shaikh is to drive her association in an Islamic way and keep it an 'Intrigue Free' undertaking. She has developed as a decent example for Indian ladies and Muslim ladies specifically.
The Supreme Court of India granted six weeks conditional bail to Nowhera Shaikh
Nowhera Shaikh got bail by the Supreme Court of India on judgement day. She walked out of the Byculla Jail in Mumbai on January 22 after spending quite two years in prison. While granting bail, the SC has directed her to release the payments of all complainants within six weeks.
“Heera Gold office will start operation in a days or two. We also are about to call a gathering of all investors to assess the most recent situation”. “Those who want their refund are welcome. we'll soon be releasing an form for such investors. After they submit this kind, they'll lean a date with “token number” to urge their money returned”, she said while giving the update through video release on social media chronologically with numbering like we have Tweets from Big B with number upto date. “But the investors who have faith in us and need to remain with the corporate, should be assured that the corporate has potential and also the needed resources to start out working to its lost glory and that they will start receiving profits on their deposits and investment very soon”, she added further - “Acche din are back, and that they are back very soon”, she said. She however said that the cash of the complainants are going to be deposited within the court and can not lean to them directly, in another video uploaded “I want to reassure all Heera Gold investors that their every rupee is her responsibility”, Nowhera Shaikh said within the latest video message released.
ED files first charge-sheet against Nowhera Shaikh in Ponzi scam case, and on the other hand in her latest video uploaded on Social Media delivered message of Dr. Nowhera Shaikh "Commenting an investor Nowhera Shaikh said, “Let’s hope her assertions are real and not like PM Modi’s acche din promise.”
Nowhera Shaikh is accused of collecting money from thousands of Muslims from India and abroad within the name of "Halal Investment" in line with a rough estimate, Heera Gold incorporates a list of over 1,70,000 investors from India and abroad. Aggrieved by the delay in getting “profit” on their investment, some 29 investors from different parts of India have lodged complaints against Nowhera Shaikh - the primary case was filed in October 2018 following which she was arrested by the Hyderabad police. Meanwhile, commenting on Nowhera Shaikh’s latest video message an investor said, “Let’s hope her assertions are real and not like PM Modi’s acche din promise. Heera Gold CEO and decision maker Nowhera Shaikh on Saturday reassured investors saying that their money and deposits are in safe hands and therefore the company will re-start operations very soon.
"Conditional Bail"
The Supreme Court of India had on Tuesday granted six-week conditional bail to Nowhera Shaikh. As per her close aides, Nowhera Shaikh has been asked to return money to investors, on priority basis to those that had filed complaint against her. Her close aides said Nowhera Shaikh is set to release about 22 crore rupees to the investors who lost faith in her and lodged FIR against her that led to arrest in October 2018.
"AGM on Card"
The investors who didn't lodge any complaints but still wants their a reimbursement can even invite the return, her close aides said. "Nowhera Shaikh (Alias Aapa) will soon call AGM to deal with the complaints and grievances of the investors", they said.
ED files first chargesheet against Nowhera Shaikh in Ponzi scam case The ED had booked a Prevention of cash Laundering Act (PMLA) case against Nowhera Shaikh, the director of Heera Group, and her associates. The Enforcement Directorate (ED) has filed its first charge-sheet within the concealment case linked to an alleged multi-crore Ponzi scheme against 28 people, including prime accused Nowhera Shaikh, the CEO of Heera Group. The financial crime disbursed through the Ponzi scheme is claimed to possess duped lakhs of investors across several states in India & Abroad. The central probe agency said that the prosecution complaint was filed under various sections of the Prevention of cash Laundering Act (PMLA).
Nowhera Shaikh, the decision maker of Heera group of companies, was arrested by the ED in 2019 together with few others, the identical year, she was also arrested by the Telangana and Maharashtra police within the case. The ED booked a PMLA case against Nowhera Shaikh, her associates et al. after studying the primary information report (FIRs) against them by various state police departments. Nowhera Shaikh has been charged by the ED for hatching a "well-planned conspiracy and luring innocent people to deposit their savings along with her for-profit sharing instead of interest, which isn't allowed in Islam."
"She incorporated Heera group of companies and initially paid the monthly-assured so-called profit to win the trust of the gullible victims," the ED alleged in a very statement.
Later, it said, by engaging a network of promoting executives and direct selling agents engaged on a commission basis, Nowhera Shaikh collected deposits to the tune of Rs 5,600 crore from around 1,72,000 investors across the country by making false promises of paying a high rate of returns like that of three to four per month (36% to 40% per year). "For this fraud, she had opened around 250 accounts in various banks across the country and eight accounts were opened in UAE and Asian country," said ED. "They diverted the depositors' amounts to their personal accounts for and amassed huge movable and immovable assets," the ED said.
Shaikh and Heera Group did "not possess" any valid permission, either under the Banking Regulation Actor from the RBI or from the other agency like Securities and Exchange Board of India (SEBI), for collecting deposits, the ED said. Assets worth Rs 299.99 crore were attached by the ED during this case earlier.
Nowhera Shaikh was arrested in October 2018 by Hyderabad police. Later on, cases were filed against Nowhera Shaikh and Heera Gold in several states and by different people, mainly by investors. The Supreme Court of India granted six weeks conditional bail to Nowhera Shaikh, her close aides present within the Supreme Court said. Nowhera Shaikh got bail after she filed an affidavit stating her release from jail is necessary to return the money to investors.
According to the close aides of Nowhera Shaikh who were present during the hearing, an amount of twenty-two crore are returned on priority basis within the next six months to the investors who had filed FIR against the Heera Gold CEO.
The History rotated
Nowhera Shaikh, Founder and Chairperson of Heera Gold, an investment and finance firm is accused of collecting money from thousands of Muslims from India and abroad within the name of "Halal Investment". Nowhera Shaikh describes herself as an Entrepreneur, Businesswoman, Educationist, Human Rights and Women’s Rights Activist. Few months before the Karnakata assembly elections, she also launched a party, All India Mahila Empowerment Party (AIMEP) in November 2017. Her AIMEP launch in New Delhi in November 2017 was attended by stars like Sania Mirza, and cricketer Mohammad Azharuddin and actor Sunil Shetty were regulars in her programmes. However, soon after 2018 Karnataka elections, Heera Gold stopped depositing "profits" into the accounts of "investors" citing one or the opposite reasons. The delay within the payment created panic among the investors, many of whom, even lodged police complaints in Hyderabad and various other states of India.
Nowhera Shaikh on the opposite hand just waived to her supporters expecting her release outside Byculla Jail since the last two days. She failed to ask anyone and straightaway rode to airport. The Heera Gold supporters and legal advisors was expected to be released from the jail on the same day itself. However, she had to spend two more days in jail thanks to the delay in preparing her release papers.
Ponzi and MLM schemes are real ephemeral and until the time they're raided and closed, they freely operate and amass a large amount of cash and vanish. General public here are lazy, stupid and greedy. they're able to fall for any such schemes where they're offered an excellent deal of fortune which doesn’t take much of an endeavor. These ponzi companies are really hitting at the nerve of individuals as best exploiting this attitude of person by posing some persons from the society as people who have earned a fortune by becoming members of the scheme. Their standard of living is all of a sudden raised, they arrive in Benz or BMW cars, they wear the foremost expensive apparels and also the list goes on. So, which people wouldn’t wish to become such highly esteemed personalities?To achieve these dreams, they're able to throw away their jobs, business, family and their working capabilities (I personally know such individuals and interacted with them on this matter)
Shaikh Yusuf Bhandarkar #yusufbhandarkar +917977231537
Comments