Hyderabad: In the sensational case of the alleged diversion of Rs 5,000 crore by The Heera Group, the detective department of the Central Crime Station (CCS) police of Hyderabad filed a chargesheet before the Metropolitan Sessions Judge Court, Nampally on Wednesday.
The chargesheet, which is over 1,000 pages in length, contains information about the alleged illegal activates of the Heera Group and its chairman Nowhera Shaik. Surprisingly, the police also produced around 75,000 exhibits, including the details of the transactions made via around 160 bank accounts opened by the company. These transactions include money deposits, distribution to customers, and transactions indicating diversion of funds.
The police also included the information of the properties identified so far as registered in the names of Nowhera Shaik and the Heera Group and located in Telangana, AP, Mumbai, Kerala, and other parts of the country.
The investigators had also previously requested the Enforcement Directorate and Serious Fraud Investigation Office (SFIO) to provide certain information regarding the overseas transactions carried out by the company, which cheated over one lakh customers under the pretext of providing huge returns at the rate of 36 percent profit on their investments. A source close to the investigators said, “This is only the information extracted during the investigation restricted to the case registered at the Central Crime Station. A lot more information is yet to be collected, and the same will be submitted to the court as and when.”
Nowhera was arrested by the CCS police on October 19, 2018, in a case registered during September 2018, for illicit diversion of funds and for cheating customers. Further, the police had even found that some customers of the company were also wanted by intelligence agencies....