India  

SC allows ED to auction ponzi scam co MD’s Rs 200 crore assets

IndiaTimes Wednesday, 13 November 2024 ()
The Supreme Court has permitted the Enforcement Directorate to auction two properties owned by Nowhera Shaik, managing director of Heera Gold Exim Private Limited, to compensate investors allegedly defrauded in a Ponzi scheme. Shaik has also been directed to provide details of her unencumbered assets for potential auction.
0
shares
ShareTweetSavePostSend
 

💡 newsR Knowledge: Other News Mentions

Nowhera Shaik Nowhera Shaik Indian entrepreneur and politician


Enforcement Directorate Enforcement Directorate Law enforcement agency and economic intelligence agency of India

Delhi HC halts trial court proceedings against P Chidambaram in Aircel-Maxis case

The Delhi High Court has temporarily halted the trial court proceedings against senior Congress leader P. Chidambaram in the Aircel-Maxis money laundering case...
IndiaTimes

Explain lapses: Punjab and Haryana high court slams ED for 'slipshod' probe in IREO case

The Punjab and Haryana high court has criticized the Enforcement Directorate's (ED) investigation into IREO for alleged money laundering, calling it "slipshod..
IndiaTimes

ED arrests masterminds behind UP Police and UPPSC exam paper leaks

The Enforcement Directorate (ED) in Lucknow arrested Ravi Attri and Subhash Prakash, the masterminds behind the Uttar Pradesh Police Constable and UPPSC RO/ARO..
IndiaTimes

ED finds Rs 8.8 crore at Chennai office of Santiago Martin

The Enforcement Directorate (ED) seized Rs 8.8 crore from the Chennai office of lottery tycoon Santiago Martin during searches related to a money laundering..
IndiaTimes

ED mounts searches on 20 premises tied to top poll bond buyer

The Enforcement Directorate (ED) conducted searches at 20 locations linked to Santiago Martin, a significant political donor known as the 'lottery king,' and his..
IndiaTimes

You Might Like