13,000 investors in the lurch for Rs 500 cr, ED begins process to auction Heera Group owner’s assets
💨 Abstract
The Enforcement Directorate (ED) is auctioning properties worth nearly Rs 500 crore belonging to Hyderabad-based gold trader Heera Group and its managing director Nowhera Shaik, who is accused of running a Ponzi scheme promising 36% annual returns and defrauding over 13,000 investors.
Courtesy: theprint.in
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