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The Directorate of Enforcement arrested Nowhera Shaik connected May 21 from Gurugram successful Haryana nether provisions of the Prevention of Money Laundering Act successful transportation with the Heera Group capitalist fraud case.
According to ED, she was brought to Hyderabad and produced earlier the Special PMLA Court precocious connected Wednesday night, pursuing which she was remanded to judicial custody.
The ED said the probe was initiated connected the ground of aggregate FIRs registered by Telangana and Andhra Pradesh constabulary against Nowhera Shaik, Molly Thomas, Biju Thomas and the Heera Group of companies implicit allegations of defrauding investors crossed the country.
Officials alleged that much than 1,72,114 investors were cheated of implicit ₹3,000 crore done concern schemes floated by the Heera Group.
Investigators said deposits were allegedly collected from investors crossed India by promising returns of astir 36% annually done investments successful Heera Group companies. However, the accused allegedly failed to repay either the promised profits oregon the main amounts. According to the ED, funds collected from depositors were allegedly diverted into idiosyncratic accounts done institution slope accounts and utilized to get movable and immovable assets.
Officials said properties worthy astir ₹122 crore had already been auctioned and Ms. Nowhera Shaik was directed to cooperate successful execution of merchantability deeds for auctioned properties.
However, the ED alleged that she failed to cooperate with execution of merchantability deeds and repeatedly attempted to obstruct auction proceedings.
The bureau stated that the Supreme Court, portion taking superior enactment of her conduct, directed her connected April 8, 2026 to surrender earlier jailhouse authorities wrong 1 week and execute merchantability deeds for 16 auctioned properties wrong 2 months, failing which non-bailable warrants and cancellation of bail could follow.
According to officials, she allegedly failed to surrender and aboriginal submitted an affidavit earlier the Special PMLA Court claiming that jailhouse authorities had refused to instrumentality her into custody. The tribunal aboriginal recovered that she had ne'er approached situation authorities for surrender.
The Special PMLA Court subsequently cancelled her bail and issued a non-bailable warrant against her connected May 7.
The ED said its officers searched for her successful Hyderabad and Bengaluru earlier processing quality inputs that she was hiding successful Gurugram nether a fake individuality utilizing forged documents.
A associated cognition conducted by ED officials and Haryana constabulary led to her apprehension from an Airbnb spot successful Sector 45, Gurugram, wherever she was allegedly staying utilizing an Aadhaar paper successful the sanction of Shaik Khamar Jahan on with her subordinate Sameer Khan.
Officials said she was arrested successful compliance with the warrant issued by the Special PMLA Court and brought to Hyderabad.
The ED besides noted that different person, Kalyan Banerjee, had earlier been arrested successful January this twelvemonth for allegedly impersonating an advocator and attempting to interfere successful ED auction proceedings astatine the lawsuit of Ms. Nowhera Shaik. Further probe is nether way.
