Nation Current Affairs 14 May 2019 Hyderabad: 7-day cus ...

Hyderabad: 7-day custody for Nowhera Shaik

DECCAN CHRONICLE. | VUJJINI VAMSHIDHARA
Published May 14, 2019, 1:58 am IST
Updated May 14, 2019, 1:58 am IST
ED set to grill Heera Group’s MD.
Nowhera Shaik faces allegations of amassing over Rs 5,700 crore from the public and diverting the money to various sources. She also facing charges of indulging in money circulation schemes.
 Nowhera Shaik faces allegations of amassing over Rs 5,700 crore from the public and diverting the money to various sources. She also facing charges of indulging in money circulation schemes.

Hyderabad: The Enforcement Directorate is set to take custody of Nowhera Shaik, managing director of the Heera Group, on Tuesday.

A court on Monday allowed the ED to take her custody for seven days and question her in connection with the alleged money laundering committed by the company.

 

The ED had filed a petition before the Nampally court seeking custody to question her regarding the money that her companies had collected.

The central crime station of Hyderabad had earlier identified the properties belonging to Nowhera Shaik in Telangana state, Andhra Pradesh and Kerala, and the ED has taken the details of the properties to attach them in the case registered under Prevention of Money Laundering Act.

Nowhera Shaik faces allegations of amassing over `5,700 crore from the public and diverting the money to various sources.

 

She also facing charges of indulging in money circulation schemes.

Nowhera Shaik is currently lodged in the Chanchalguda central prison.

...
Location: India, Telangana, Hyderabad




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