Hyderabad: Nowhera Shaik, managing director of The Heera Group, was on Tuesday remanded in judicial custody for 14 days after the economic offences wing of Cyberabad police commissionerate brought her to the city on a prisoner’s transit warrant from Chittoor and produced her in Rangareddy court in LB Nagar.
She was later lodged at the Women’s Prison in Chanchalguda. Recently, Shaik has been accused of circulating money and duping innocents by promising huge returns for investing in her company.
Cyberabad police plan to take custody of Shaik to question her on diversion of money collected through investments and about the businesses her companies have carried out.
Central Crime Station sleuths who are simultaneously probing Shaik’s alleged fraud case, have received information about 50 more bank accounts which were operated by the Heera Group.
The Financial Intelligence Unit, a central national agency responsible for receiving, processing, analysing and disseminating information related to suspect financial transactions in the country, has unearthed the accounts that were in operation by Shaik’s companies.
“The FIU has shared information about 50 more bank accounts, which were used by the Heera Group of companies. The transactions and amounts present in the bank accounts are yet to be identified. The Serious Fraud Investigation Office, will analyse that data,” an official from Hyderabad told this newspaper.
It is also learnt that fresh complaints have been received by the Hyderabad police at SR Nagar and Malakpet against the alleged fraud committed by the company, which promised unbelievable profits to the investors....