Probe Company Recordsdata Chargesheet In Multi-Crore Ponzi Rip-off That Duped Lakhs
Property value Rs 299.99 crore had been hooked up by way of the Enforcement Directorate within the case previous.
New Delhi:
The Enforcement Directorate (ED) has filed its first chargesheet in a cash laundering case connected to an alleged multi-crore Ponzi scheme perpetrated in Telangana and few different states in 2018.
The central probe company stated on Tuesday that the prosecution grievance used to be filed beneath quite a lot of sections of the Prevention of Cash Laundering Act (PMLA) in opposition to 28 other folks, together with top accused Nowhera Shaikh.
Nowhera Shaikh, the managing director of Heera workforce of businesses, used to be arrested by way of the company in 2019 together with few others. She used to be additionally arrested by way of the Telangana and Maharashtra Police on this case that yr.
The ED booked a PMLA case in opposition to Shaikh, her buddies and others after learning circumstances filed in opposition to them by way of quite a lot of state police departments.
Nowhera Shaikh has been charged by way of the ED of hatching a “well-planned conspiracy and luring blameless other folks to deposit their financial savings along with her for benefit sharing fairly than pastime, which isn’t allowed in Islam.”
“She included Heera workforce of businesses and to begin with paid the per month confident so-called benefit to win the accept as true with of the gullible sufferers,” the ED alleged in a remark.
Later, it stated, by way of enticing a community of promoting executives and direct promoting brokers running on fee foundation, Nowhera Shaikh accumulated deposits to the music of Rs 5,600 crore from round 1,72,000 buyers around the nation by way of making false guarantees of paying prime charge of returns like that of three in line with cent monthly (36 laptop to 40 laptop in line with yr).
“For this fraud, she had opened round 250 accounts in quite a lot of banks around the nation and 8 accounts had been opened in UAE and Saudi Arabia.”
“They diverted the depositors’ quantities to their non-public accounts for and collected large movable and immovable belongings,” the ED stated.
Nowhera Shaikh and Heera workforce did “now not possess” any legitimate permission both beneath the Banking Law Actor from the RBI or from some other govt company equivalent to SEBI for gathering deposits, the ED stated. Property value Rs 299.99 crore had been hooked up by way of the ED on this case previous.
