For three years, there were murmurs about an investment scheme, run from Hyderabad, being on the verge of running aground. The police were well aware about several people having invested in the Ponzi scheme but with no complaint, they could do nothing.
Finally on Tuesday, the city police registered an FIR against Nowhera Shaikh, director of Heera Group of Companies, for cheating 10,000 investors of Rs 500 crore after a businessman, Shane Ilahi Shaikh, lodged a complaint at the JJ Marg police station. Another FIR was registered against Shaikh in Aurangabad on Tuesday. The police said at least 2 lakh investors from across the country have put money in the company’s schemes and the scam amount may actually be Rs 1,000 crore.
“In Mumbai, investors have been discussing in private about the possible collapse of the schemes but none of them came forward,” said a police officer. Vinay Kumar Choubay, joint commissioner (EOW), said “We have registered a case.”
All investment by poor family had gone.. please help to get refund
The Mumbai police will seek Shaikh’s custody from Hyderabad police who arrested her last week in another cheating case for similar Ponzi schemes. Shane Ilahi Shaikh told TOI, “I invested Rs 3 lakh in July 2017 and was promised a monthly return of 2.8-3.2%. As I got returns for a couple of months, I decided to invest more so that I could buy a house. I stay in a rented room right now. I sold my property and invested another Rs 3 lakh. But the firm stopped paying profit since June. I made rounds of their office but could not get the profit or principal amount.” “The agents would mostly target Muslim investors by saying the scheme offered monthly profit and not interest, which is not allowed in Islam,” said a source.
TOI had reported about a group of investors approaching the EOW to register a case against this group on October 20. Advocate Shan Ilahi Turky, who helped the victims lodge complaints, said, “We have been coordinating with the police for last two months and have provided all documents. We are hopeful of justice.”
Finally on Tuesday, the city police registered an FIR against Nowhera Shaikh, director of Heera Group of Companies, for cheating 10,000 investors of Rs 500 crore after a businessman, Shane Ilahi Shaikh, lodged a complaint at the JJ Marg police station. Another FIR was registered against Shaikh in Aurangabad on Tuesday. The police said at least 2 lakh investors from across the country have put money in the company’s schemes and the scam amount may actually be Rs 1,000 crore.
“In Mumbai, investors have been discussing in private about the possible collapse of the schemes but none of them came forward,” said a police officer. Vinay Kumar Choubay, joint commissioner (EOW), said “We have registered a case.”
TOP COMMENT
they are many Muslim familys in Mumbai n thane which had investment in this scheme.All investment by poor family had gone.. please help to get refund
The Mumbai police will seek Shaikh’s custody from Hyderabad police who arrested her last week in another cheating case for similar Ponzi schemes. Shane Ilahi Shaikh told TOI, “I invested Rs 3 lakh in July 2017 and was promised a monthly return of 2.8-3.2%. As I got returns for a couple of months, I decided to invest more so that I could buy a house. I stay in a rented room right now. I sold my property and invested another Rs 3 lakh. But the firm stopped paying profit since June. I made rounds of their office but could not get the profit or principal amount.” “The agents would mostly target Muslim investors by saying the scheme offered monthly profit and not interest, which is not allowed in Islam,” said a source.
TOI had reported about a group of investors approaching the EOW to register a case against this group on October 20. Advocate Shan Ilahi Turky, who helped the victims lodge complaints, said, “We have been coordinating with the police for last two months and have provided all documents. We are hopeful of justice.”
No comments:
Post a Comment