Connect with us
Monday,25-January-2021

Crime

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

Published

on

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

Gurugram police on high alert amid farmer’s agitation, Republic Day

Published

on

Gurugram-PCR-van

In the view of the farmers’ protest and the Republic Day celebrations, the Gurugram police have stepped up security arrangements and special instructions have been given to the police force to keep a vigil on suspicious elements, senior Gurugram police official said.

“Around 40 police checkpoints have been erected across the district and along with border areas. Apart from this, the police personnel, a unit of the ITBP and Harayana police commandos have been deployed at the key locations. Also, duty of Assistant Commissioner of Police (ACP) rank officers have been ensured on rotation basis,” said a senior police official.

Also, ACPs and Deputy Commissioner of Police (DCPs) will continue patrolling in their respective areas on a rotational basis. The farmers and other social organisations in Gurugram will not be allowed to go the national capital on tractors, the officer said.

Several farmers’ outfits are agitating in Delhi from last 61 days against the three agricultural laws. They have also planned a tractor parade on January 26 in Delhi. In view of this, the police have to keep an eye on both the farmers’ movement and Republic Day celebrations simultaneously.

However, the district police have already deployed 4,000 police personnel across the district and a three-layer security has been placed around Tau Devilal Stadium Sector-38 in Gurugram where the Republic Day celebrations will be organised.

Moreover, a number of policemen have been deployed in the Manesar near NSG campus and Panchgaon Chowk on the Delhi-Jaipur expressway so that the farmers coming from Rewari to Gurugram do not proceed beyond these security points.

ACP (Traffic) Sanjeev Balhara has been pressed into service in the Manesar NSG campus Similarly, the responsibility of other ACPs has also been fixed. At these points, a unit of the ITBP along with the Gurugram police personnel have been stationed. Also, officials from the intelligence and crime branch units have been placed in civil dress to keep an eye on anti-social elements.

Apart from this, policemen have also been deployed in uniform and plain clothes in all the crowded areas including Sadar Bazar. The police strength has been increased around metro stations, railway stations, bus stands and crowded places.

“In view of the Republic Day celebrations, the entry of heavy vehicles from Gurugram border in Delhi has been banned from 3 p.m. on Sunday till 4 p.m. on January 26. Transporters have been appealed not to take heavy vehicles to Delhi. Traffic policemen have been deployed at the Delhi-Gurugram border on the Delhi-Jaipur expressway, who will bar heavy vehicles no to enter the national capital. The suspects are being specially monitored. Hotels and guest houses are being searched,” said Preet Pal Sangwan, ACP (crime).

Continue Reading

Crime

3 killed in separate road accidents in Gurugram

Published

on

Accident

At least three persons including an employee of the fertilisers department have been killed in separate road accidents at different stretches of the city, the police said on Monday.

All three accidents took place on Sunday.

In the first accident, Ankur Kumar, 29, who worked in the Gurugram fertilisers department and lived with his family here was killed when he was heading to Jhajjar from Gurugram in his Swift Dzire car.

“On the Gurugram-Farrukhnagar road, a truck came from the opposite direction and allegedly collided with Ankur’s car. He was rushed to the Civil Hospital at Gurugram Sector-10 where he was declared brought dead,” a police officer said.

A case has been filed under relevant sections of the IPC against the truck driver who is absconding since the incident.

In the second accident, a youth identified as Nitin lost his life on Sunday evening when his motorcycle was allegedly hit from behind by a crane near Basai village in Gurugram.

Nitin died in the hospital during treatment while the critically injured pillion rider Sahil received serious injuries and is undergoing treatment at a private hospital.

A case of negligent driving against the crane driver was registered at Sector-10A police station.

The third accident claimed the life of a truck driver identified as Rajbir.

According to the police, Rajbir was transporting industrial materials from Bahadurgarh. Near the Farrukhnagar toll plaza on the Kundli-Manesar-Palwal Expressway, another truck ahead of his vehicle applied emergency brakes which led to a collision between the two trucks following which Rajbir sustained serious injuries and later, died at a private hospital.

A case of negligent driving was registered against the accused truck driver at Farrukhnagar police station in Gurugram.

Continue Reading

Crime

ED raids 10 locations of Omkar group in Mumbai

Published

on

Enforcement-Directorate

The Enforcement Directorate (ED) on Monday carried out raids at 10 locations in Mumbai linked to the Omkar Group builders and its officials Babulal Verma and Kamal Kishore Gupta in connection with a money laundering case.

An ED official wishing not to be named told IANS, “Today ED’s raids included seven residential and three office premises belonging to Omkar Group, one of the leading builders in Mumbai.”

The official said that the premises raided included those of Verma and Gupta.

The official said that the group is alleged to have misused various permissions given under SRA schemes. The group also diverted around 450 crores taken by way of loan from Yes bank.

Continue Reading
Advertisement
Advertisement

Trending