SC allows ED to auction ponzi scam co MD’s Rs 200 crore assets

Credit: IndiaTimes- Published 1 week ago
The Supreme Court has permitted the Enforcement Directorate to auction two properties owned by Nowhera Shaik, managing director of Heera Gold Exim Private Limited, to compensate investors allegedly defrauded in a Ponzi scheme. Shaik has also been directed to provide details of her unencumbered assets for potential auction.

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Nowhera Shaik

Indian entrepreneur and politician

Enforcement Directorate

Law enforcement agency and economic intelligence agency of India
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