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Thursday,13-August-2020

Crime

SEBI Confirmed Heera Gold In Ponzi Scheme,  ED, SFIO And EOW Probing The Case

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Nowhera-Shaik

Heera Gold also is known as Heera Islamic Business Group has been shut down completely in many places in India. Thousands of investors, who lost their money, tried to file an FIR in various police stations but only their NC got accepted against the group. It is confirmed by Securities and Exchange Board of India (SEBI) for running multilevel marketing (MLM) scheme or known as Ponzi Scheme. As the activities of this company is beyond the purview of RBI and SEBI, which is why the case has been referred to Enforcement Directorate (ED), Economic Offences Wing (EOW) and Commissioner of Police in Hyderabad.

Talking to Mumbai Press, several investors in Mumbai shared their sad story for investing money in Heera Group. These people also claimed that Heera Group has taken an undertaking from them, i.e; if the company faces a loss then it won’t be responsible at all for the investor’s money. According to the legal advisor, in such a situation it would a tough task for the agencies to take actions against the company.

Recently, Business portal (Moneylife) has sent an email to market regulator’s Hyderabad office in relation to Ponzi scheme run by Heera Gold. Regulators in a reply said, “Upon examination into the matter, it was found that the activities of Heera Group are in the nature of Ponzi Scheme. Further, the nature of activities of Heera Group was also discussed in the meetings of State Level Co-ordination Committees (SLCC) of Andhra Pradesh and Telangana, which are headed by Chief Secretaries of the respective states. It was decided in the meetings of SLCC that the activities of Heera Group appear to be beyond the regulatory ambit of SEBI and RBI and the case would be taken up for investigation by relevant authorities such as CID-EOW, and Serious Frauds Office of India (SFIO). Accordingly, SEBI had already referred the case to CID-EOW, Enforcement Directorate, Commissioner of Police-Hyderabad.”

Nowehra

The Email reply further says,  “As the matter is presently being handled by Central Crime Station-Hyderabad, SFIO-Telangana, and Enforcement Directorate-Hyderabad”.

Heera Group is founded by Nowhera Shaik who claims that her company is into gold trading and does business all over the world. Over the four years, the enforcement actions weren’t been taken at all on Heera Group. This is the reason why the company has grown rapidly due to its multilevel marketing (MLM) scheme.

Nowhera

Earlier, Nowhera Shaik has contested for Karnataka Elections and spent crores for her party promotions. She was defeated in elections and lost crores of money. This is when, she changed her profit-sharing scheme to quarterly basis, which was earlier monthy basis. For this scheme, she mainly targeted Muslim community people in the name of Allah and run her business.

Recently, several investors from Hyderabad, Pune, Aurangabad, Mumbai, from Maharashtra and Karnataka reached Heera Gold’s central office in Hyderabad. Instead of entertaining them, the staff has closed down the office doors. She even released a video clearifying her stand but it looks like the investors money is all gone.

Crime

Charge sheet read out to ‘rape’ accused Kerala Catholic bishop Franco Mulakkal

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Bishop-Franco-Mulakkal

A court here on Thursday read out the charge sheet to rape accused former Jalandhar bishop Franco Mulakkal and set the date for commencement of trial on September 16.

It was last week that Kottayam Additional Sessions Court ordered him not to leave the city till the charge sheet is read out, after the Supreme Court dismissed the petition filed by him seeking to discharge him in the Kerala nun rape case.

The important points in the charge sheet that runs over a thousand pages was read out to him, which he flatly denied.

Mulakkal was arrested on September 21, 2018 on rape charges, and he secured bail on October 16, 2018.

The charge sheet names 83 witnesses, including the Cardinal of the Syro-Malabar Catholic Church, Mar George Alencherry, three bishops, 11 priests and 22 nuns.

After the case came to light, Mulakkal was removed as head of the Jalandhar diocese.

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Crime

Jammu and Kashmir Police examining evidence in alleged fake encounter case

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Army-personnel

Police said on Thursday it has deputed a team headed by a Deputy Superintendent of Police to complete all legal and technical formalities into the disappearance of three persons belonging to Jammu and Kashmir’s Rajouri district.

Vijay Kumar, IGP (Kashmir) told reporters that a team headed by a DSP rank officer has been deputed to Rajouri to complete all legal and technical formalities with regard to the disappearance of three persons belonging to Rajouri district.

Families of the three persons have lodged a missing report, which says the three missing persons have been killed in a fake encounter in the Amshipora village of Shopian district.

The family members have said three of their kin had come to Shopian to work as manual labourers and after their mobile phones were found switched off for several days, the anxious family members came to Shopian to find the whereabouts of the three missing persons.

“The Rajouri families filed a missing report and since then we are trying to evaluate the case through all technical evidences.

“We have taken the DNA samples of three terrorists’ killed in Shopian encounter which will be sent to the central lab to ascertain facts.

“Besides matching the DNA samples it is being investigated whether these three persons who had come from Rajouri were in contact with local militants are not. We will examine all the technical evidence that we have”, the IGP said.

The missing report filed by the families has identified the three missing persons as Abrar Ahmad Khan, 18, Imtiyaz Hussain, 26 and another Abrar Ahmad, 21 belonging to Rajouri district.

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Crime

Odisha records highest 1-day spike of 1,981 corona cases

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Odisha-Covid-tally

Odisha registered the highest single-day spike of 1,981 Covid-19 positive cases in last 24 hours, taking the state’s tally to 52,653, said the health department on Thursday.

The state also recorded nine more Covid-19 deaths, pushing the death toll to 314 in the last 24 hours.

Three patients died in Ganjam, two deaths each were reported from Cuttack and Mayurbhanj while Kandhamal and Sundargarh registered one each.

Out of the fresh positive cases, 1,225 were reported in quarantine centres while 756 were local contacts.

Contact tracing and follow up action are underway, said the department.

Fresh cases have been reported from all 30 districts with Khordha registering highest 274 cases followed by Ganjam (267), Kandhamal (179) and Sundargarh (145).

The number of active cases in the state rose to 15,808 while 36,478 patients have recovered so far.

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