ED gets 7-day custody of Heera group director Nowhera Shaikh
| Wednesday | 15th May, 2019
ED has initiated investigations under PMLA on the basis of FIRs registered by Telangana Police against Nowhera Shaikh, Molly Thomas and Biju Thomas and Heera Group of companies.
Multiple FIRs have been registered by the aggrieved depositors across the country against Nowhera Shaikh and others”, said ED in a statement.
Hyderabad: Enforcement Directorate (ED) has taken Heera Group Director Nowhera Shaikh, Molly Thomas and Biju Thomas in its custody for seven days under Prevention of Money Laundering Act, 2002 (PMLA) in a fraudulent money circulation scheme of her Hyderabad based organisation.
ED has also established that Shaikh opened 24 entities under Heera Group and 182 bank accounts were opened in different banks at different parts of the countries in the name of these 24 entities.
ED is questioning the accused persons in connections with their different companies, Bank Accounts and multiple properties identified across the country.
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