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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.
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Nowhera Shaik Nowhera Shaik Indian entrepreneur and politician


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

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