Summary:
"In the Kashimira case, the 46 investors who have filed a complaint said that they had invested in deposit schemes of Shaikh's firm and were promised 36% returns annually. We will soon be registering a case against Heera Gold. She also floated the All India Mahila Empowerment Party, which contested the recent assembly elections in Karnataka , but drew a blank. The case has been handed over to the Thane economic offences wing (EOW). The police have booked Shaikh and staffers at her Kashimira firm branch.Shaikh was first arrested by the Hyderabad police and later the Mumbai EOW took her custody..