When Dr. Nowhera Sheikh’s hands were tied
New Delhi (Report : Mutiur Rehman Aziz) After investigation in the Heera Group of Companies case, it has come to light that Heera Group of Companies has paid money to thousands of people at a time when the hands of Dr. Nowhera Sheikh were completely tied, as it is clear to every private and public person that since the bloodshed on Heera Group, different agencies have taken possession of all the resources and means that could have been helpful in the transactions of Heera Group’s trusts. Be it data center, hard disk, laptop, desktop i.e. office resources including registers and accounting to financial resources such as land, property, flats and plots etc., the agencies have taken possession of them. It is no secret that the first FIR investors were ordered by the court without any investigation to make their trusts as per their claims, and crores of rupees were deposited in police stations and courts as deposits. Similarly, CCS Hyderabad arrested the CEO of Heera Group without any notice and seized all the office documents and software, and did not stop there, but cut and scratched the data center and loaded it into trucks and freight cars and took it with them. The investigating agencies demanded crores of rupees as deposits and kept them in their hands as collateral, and took possession of the remaining assets of Heera Group, which were land, property, flats and bungalows. In such a situation, Heera Group of Companies has paid hundreds of crores of rupees indiscriminately to the non-complaining investors who trusted the company. This step by Dr. Nowhera Sheikh is commendable that at a time when she had no source of financial income in her hands, the company was stopped in the name of scrutiny, hundreds of crores of rupees were paid, this requires more trust in the Heera Group.
The Heera Group of Companies, a well-known business entity, has been the target of severe criticism and legal challenges in recent years. Despite this, the Heera Group has taken extraordinary steps to maintain the trust of its investors. In particular, when its Chief Executive Officer (CEO) Dr. Nowhera Sheikh was facing difficult circumstances, the Heera Group fulfilled its obligations by paying hundreds of crores of rupees to thousands of investors. This report highlights the transparency of the Heera Group and how it protected the interests of its non-complaining investors even in difficult circumstances. Serious allegations were levelled against the Heera Group of Companies some time ago, which included claims of allegedly collecting crores of rupees from investors and misusing it. As a result of these allegations, various investigating agencies seized the assets and resources of the Heera Group. These resources included office data centres, hard disks, laptops, desktops, registers, and financial accounts. In addition, the agencies also took control of the group’s land, properties, flats, and other assets. In the meantime, Dr. Nowhera Sheikh was arrested by the CCS Hyderabad without prior notice, and all the important documents and software of the group were seized. The agencies collected crores of rupees as collateral and seized the company’s assets, virtually suspending its financial activities. In these circumstances, it was a huge challenge for the Heera Group to continue its business activities and maintain the confidence of investors.
The Heera Group has set a commendable example by paying hundreds of crores of rupees to its non-complaining investors. This payment was made at a time when the financial resources of the group were completely under the control of the investigating agencies, and Dr. Nowhera Sheikh had no active source of income. Despite this, Heera Group made extraordinary efforts to fulfill its promises and returned the money invested by thousands of investors. In a situation where all the assets and resources of the company were in the possession of the agencies, and it was stopped in the name of scrutiny, this move by Heera Group not only shows its commitment to its financial responsibilities but also reflects its deep relationship with its investors. The preference given to non-complaining investors in particular, who had confidence in the group, is a testament to how serious Heera Group is about fulfilling its promises.
Dr. Nowhera Sheikh, the founder and CEO of Heera Group, demonstrated strong leadership during this difficult time. Despite her hands being completely tied, she protected the interests of investors through her company. This move not only demonstrates his business acumen but also his commitment to social responsibility and honesty. Dr. Nowhera Sheikh proved that even in difficult circumstances, the impossible can be made possible if the will is strong. This move by Heera Group has proven to be a significant milestone in restoring investor confidence.
