HYDERABAD: After the ministry of corporate affairs ordered inquiries into companies allegedly running Ponzi schemes, it found that of the 12 firms under the radar, nine are from Telangana.
On July 20, the ministry informed Lok Sabha that ‘inquiries’ are ordered against Heera Gold Exim, Heera Retail, Hyderabad, Kausalya Agro Farms and Developers, Kausalya Management Services and Structures, Kausalya Avenues, Dakshin Infrastructure, Heera Developers, Hyderabad, Heera Ice Drop, Heera Foodex — all are based in Hyderabad.
The ministry also revealed that of eight companies against whom ‘inspections’ were ordered, six are from Telangana and Andhra Pradesh.
MCA said inspection was ordered against Kapil Consultancy Services, Kapil Chits (Kosta), Kapil Infra Avenues, Ramya Constructions, Kapil Foods and Structure, Agri Gold Farms Estates India.
Minister of state for law and justice and corporate affairs, PP Chaudhary said, “The ministry ordered probe into 111 companies in the country. 109 companies were assigned to SFIO and two assigned to regional director, inspection of books and papers of eight companies and inquiry into 12 companies allegedly involved in Ponzi, multi-level marketing and chit fund activities in last three years and current year.”
Enforcement Directorate probe against Heera Group didn’t make a headway, according to sources. CCS case that was booked in 2012 is still under investigation.
CCS DCP Avinash Mohanty told TOI, “The case against Heera group is still under investigation. Though the case was booked in 2012, we started investigations in 2016.”
Heera Group is into gold trading and has been collecting deposits from women to give good returns every month.
A source in MCA told TOI, “Recently, the issue of Heera Group came up at state level co-ordination committees of Telangana and Andhra Pradesh, where agencies expressed concern. The inquiry into Heera is done by Regional Director’s office which is collecting documents from the company and verifying them.”
When contacted on e-mail and phone, Heera Group authorities failed to respond. However, the group’s promoter Nowhera Shaik released a video message to staff and ‘customers’ recently, refuting the allegations.
Nowhera in her video message said, “The company policy has changed recently. Many customers are agreeing to the policy. Some of them are trying to damage the group. Heera Group has been running for past 15 years on trust. There is no single instance of not returning money. Deposits are made against commodities like gold and money will be returned after trading. Some are seeking their money back, and it will be returned. Customers have benefited all these years. Those who invested ₹1 lakh, have got ₹5 lakh. It’s the Almighty who is running the group. There will be no problems to the group and customers.” The group has offices in UAE, Canada and other countries.
On July 20, the ministry informed Lok Sabha that ‘inquiries’ are ordered against Heera Gold Exim, Heera Retail, Hyderabad, Kausalya Agro Farms and Developers, Kausalya Management Services and Structures, Kausalya Avenues, Dakshin Infrastructure, Heera Developers, Hyderabad, Heera Ice Drop, Heera Foodex — all are based in Hyderabad.
The ministry also revealed that of eight companies against whom ‘inspections’ were ordered, six are from Telangana and Andhra Pradesh.
MCA said inspection was ordered against Kapil Consultancy Services, Kapil Chits (Kosta), Kapil Infra Avenues, Ramya Constructions, Kapil Foods and Structure, Agri Gold Farms Estates India.
Minister of state for law and justice and corporate affairs, PP Chaudhary said, “The ministry ordered probe into 111 companies in the country. 109 companies were assigned to SFIO and two assigned to regional director, inspection of books and papers of eight companies and inquiry into 12 companies allegedly involved in Ponzi, multi-level marketing and chit fund activities in last three years and current year.”
Enforcement Directorate probe against Heera Group didn’t make a headway, according to sources. CCS case that was booked in 2012 is still under investigation.
CCS DCP Avinash Mohanty told TOI, “The case against Heera group is still under investigation. Though the case was booked in 2012, we started investigations in 2016.”
Heera Group is into gold trading and has been collecting deposits from women to give good returns every month.
A source in MCA told TOI, “Recently, the issue of Heera Group came up at state level co-ordination committees of Telangana and Andhra Pradesh, where agencies expressed concern. The inquiry into Heera is done by Regional Director’s office which is collecting documents from the company and verifying them.”
When contacted on e-mail and phone, Heera Group authorities failed to respond. However, the group’s promoter Nowhera Shaik released a video message to staff and ‘customers’ recently, refuting the allegations.
Nowhera in her video message said, “The company policy has changed recently. Many customers are agreeing to the policy. Some of them are trying to damage the group. Heera Group has been running for past 15 years on trust. There is no single instance of not returning money. Deposits are made against commodities like gold and money will be returned after trading. Some are seeking their money back, and it will be returned. Customers have benefited all these years. Those who invested ₹1 lakh, have got ₹5 lakh. It’s the Almighty who is running the group. There will be no problems to the group and customers.” The group has offices in UAE, Canada and other countries.
No comments:
Post a Comment