Nation Current Affairs 15 Dec 2018 Data of investors in ...

Data of investors in Heera Group found

DECCAN CHRONICLE.
Published Dec 15, 2018, 12:48 am IST
Updated Dec 15, 2018, 12:48 am IST
The cops initially nabbed her associates from Kerala, but they were of no help.
Nowhera Shaik
 Nowhera Shaik

Hyderabad: The Central Crime Station sleuths of Hyderabad, who are probing the alleged fraud committed by the Heera Group of companies amounting to about Rs 6,000 crore, have recovered data of 1.7 lakh investors. The police have sent the records to the Forensic Science Laboratory for further analysis of the data recovered from the servers belonging to the company run by Nowhera Shaik.

After the arrest of Nowhera Shaik, the CCS police have ensured freezing of 160 bank accounts opened by the company, to help its operations of collecting investments from the public, on the pretext of providing high returns.

 

As part of the raids at the head office of the group at Banjara Hills, the police recovered several documents and later arrested her close aides Biju Thomas and Molly Thomas from Kerala. Though their questioning did not help in finding the details of the investments and the operations of the company, the sleuths have managed to find the server that contained all the data maintained by the company.

“The accused had taken a place on rent where they installed a server. The server contains huge amounts of data, including the details of 1.7 lakh customers, who had invested in the company. However, there is no guarantee, whether they were really investors or the names were fabricated. The collected data has been sent to FSL for analysis,” an official from CCS said.

 

Shaik, who claimed to have contacts with ‘top’ leaders and businessmen, has created a fear among the people who work for her. “People who worked for her are worried about their names being exposed. They do not want her to know that they shared information with the police,” the official said.

Responding to a query, the officer said, “We managed to get some records, but it is still a mystery where the money collected from public disappeared. The 160 bank accounts opened by the company had only Rs 24 crore, whereas the total investments received by the Heera Group amounted to Rs 6,000 crore. The data collected from the banks will be given to the Serious Fraud Investigation Office to find the outflow of the collected investments.”

 

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Location: India, Telangana, Hyderabad




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