Dr. Nowhera Shaik, CEO of Heera Group, responded to the major verdict that was handed down in the first week of December by saying, “It is nothing but pure Heera and we are finally vindicated.”
The petitioners declare once more that they have no worries as long as any of the 87 linked properties are sold openly and at a reasonable market price and they will also support the SFIO in that process, in accordance with the Supreme Court order from earlier that day, on March 24, 2022.
Developments like no other
Amazing developments involving the Heera Group Due to a ruling by the Supreme Court, the assets owned by the renowned Heera Group were freed from an attachment kept by the Enforcement Directorates (ED) on Friday. In connection with an investigation into alleged investment fraud against Dr. Nowhera Shaik and others, the Enforcement Directorate (ED) reported on Wednesday that it has confiscated movable and immovable assets worth a combined Rs. 78.63 crores.
Heera Group has given the SC information worth Rs 641 crores in an effort to safeguard investors’ interests with regard to claims totalling about Rs 400 crores.
SFIO’s point of view
In a decision on the review of judgements that was released by the SC Division Bench on November 10, it was said that “FSL Lab is concerned since, despite the tale being almost four years old, the report has not yet arrived.” Some of the points brought forward by the tax expert, according to the petitioners (SFIO), are related to the FSL lab lying regarding the seizure of computers. Therefore, SFIO raises the subject once more.
Dr. Nowhera Shaik’s pledge that conflicts would be settled more promptly encouraged the investors. It was discovered that one of the 87 properties was worth $800 million. Well, this is supposed to satisfy all the allegations. Moreover, the Heera Group, according to Dr. Nowhera Shaik, has always operated under an interest-free business model.