Founder and CEO of the Heera Groups, Dr.Nowhera Shaik has always been a prudent and law-abiding citizen of India. Not even once she had prevented herself from cooperating with the legal agencies indulged in this matter. Owning to her generosity, the Honourable Court has also expressed its faith and granted her bails whenever needed.
In May, 2022, SFIO approached the Supreme Court for the cancellation of Dr. Nowhera Shaik’s bail. However, the plea made by SFIO was dismissed and Dr. Nowhera Shaik was allowed to move out. Well, this incident absolutely expressed the belief of the Apex Court on our Iron Lady.
Difficulties to overcome
Despite being a genuine entrepreneur, Dr. Nowhera Shaik has too many hurdles to face. In a recent update, it revealed that the investigating agencies had frozen the bank accounts of Heera Group. About 240 accounts of the Heera Group of Companies are locked by the CCS police, Hyderabad without any legal notice.
Time and again, they have requested the senior officials of the Central Crime Station. Hyderabad to hand over their data. However, it’s been three years that Heera Groups haven’t got any response from them. Even the Supreme Court directed the investigating agencies to return the essential documents of Heera Groups back to them.
With the increasing hype about the case, situations are getting worse. The investors instead of waiting for the time right are trying to contact the court Justice via WhatsApp. Dr. Nowhera Shaik’s justice, SK. Kaul stated, “ The council should warn the investors or else I have to take a massive step”. He added, “ My phone is not meant for their WhatsApp messages”.
No matter how difficult the situations are Dr. Nowhera Shaik’s zeal to repay her genuine investors is intact. Although she had to pay only 35 crores, she produced assets of worth 900 crores. Well, producing more than needed was indeed insightful.