Summary:
more-inThe Hyderabad city police on Tuesday announced the apprehension of managing director of Heera Group of Companies Nowhera Shaik for allegedly cheating investors. Mr Kumar said the Heera Group chief’s activities had shown up on the police radar in 2011. Mr Kumar said Ms Shaik headed 15 companies, part of the Heera Group, many of which were involved in collection of deposits and investments. Incidentally, Ms Shaik is also the founder of the Mahila Empowerment Party, which contested the Assembly elections in Karnataka earlier this year. City Police Commissioner Anjani Kumar told the media that investigations revealed incriminating evidence against Ms Shaik and she was arrested in Delhi on Monday..