ED searches Nowhera Sheikh's 81 properties in Tolichowki
By Newsmeter Network Published on 8 Aug 2020 11:51 AM IST
Hyderabad: Sleuths of Enforcement Directorate carry out search operations across Hyderabad against Heera Group of companies owned by Nowshera Sheikh, accused in the the ponzi scam. Earlier, the investigating agency attached properties worth Rs 299 crore including 96 immovable properties spread across several states.
On 8th August, sleuth of ED along with mandal revenue officer-Shaikpet and local police conducted operations in Tolichowki area to take physical possession of 81 plots which were attached in 2019. 'These plots are located in an illegal colony created by one Syed Akhtar (S A Colony) on a litigation-ridden land sold by Neelanchal Technocrat Private limited. Both Neelanchal and S A builders made huge illegal profits by sale of this disputed land' a highly placed source told NewsMeter.
Sleuths of Enforcement Directorate carry out search operations across #Hyderabad against Heera Group of companies owned by Nowshera Sheikh, accused in the the ponzi scam. Earlier, the investigating agency attached properties worth Rs 299 crore. pic.twitter.com/1U914DswJ5
— NewsMeter (@NewsMeter_In) August 8, 2020
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It is to note that, many victims fell prey to investments of the Heera Group. Also certain investors made profits overnight by SA Builders and Neelanchal.
