Heera Gold MD Nowhera Shaik arrested by Enforcement Directorate
HYDERABAD: Nowhera Shaik, MD of Heera Gold Exim Pvt Ltd, was reportedly arrested by the Hyderabad zonal unit of the Enforcement Directorate in Bhubaneswar, on Tuesday.
Shaik is reportedly facing serious allegations of duping lakhs of investors in a gold investment scam amounting to approximately Rs 5,600 crore.
According to agency sources, the SC had earlier directed her to repay Rs 25 crore to investors within three months. This directive, issued in March 2025, stated that failure to comply would result in her arrest.
Sources claim that Shaik failed to deposit the amount within the court-mandated timeframe. Acting on the court's orders, ED officials detained her.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
39 minutes ago
- Time of India
ED raids Dino Morea's house in Rs 65 crore Mithi River scam, Deepika Padukone still part of Kalki 2, Housefull 5 set for Rs 13.94 crore day 1 opening: Top 5 Entertainment News
Ready for today's biggest entertainment buzz? From the ED raiding Dino Morea 's residence in the Rs 65 crore Mithi River desilting scam, to reports confirming Deepika Padukone is very much part of Nag Ashwin's Kalki 2 despite the Spirit controversy—plus early projections of a Rs 13.94 crore Day 1 for Housefull 5—here are your top 5 entertainment stories of the day! Mithi River Desilting Scam: ED arrives at Dino Morea's residence; evidence seized during raids to be used to identify beneficiaries Rs 65 crore fraud The Enforcement Directorate (ED) on Friday conducted raids at the residential premises of actor Dino Morea in Mumbai. The agency also conducted sweeps at multiple locations in Maharashtra and Kerala, as part of a money laundering probe linked to the alleged Rs 65 crore Mithi river desilting scam. Official sources confirmed to PTI that the searches spanned more than 15 premises, covering the homes and offices of Morea, his brother, several contractors, and others suspected to be connected to the case. The investigation is being carried out under the Prevention of Money Laundering Act (PMLA), based on a First Information Report (FIR) filed by the Mumbai Police's Economic Offences Wing (EOW). Deepika Padukone is not making an exit from Nag Ashwin's 'Kalki 2' with Prabhas amid Sandeep Reddy Vanga's 'Spirit' controversy: Report Reports have been circulating online about Deepika Padukone being removed from the cast of Nag Ashwin's much-awaited film 'Kalki 2', amid the recent alleged cold war with Sandeep Reddy Vanga over Spirit. However, insiders have strongly refuted the claims, calling them entirely unfounded. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Device Made My Power Bill Drop Overnight elecTrick - Save upto 80% on Power Bill Pre-Order Undo Social media has been abuzz with speculation about a supposed fallout between Deepika and the team behind Kalki 2898 AD, including co-star Prabhas. But those close to the production have dismissed the theory, stating there is no truth to the idea that she was ousted. According to NDTV, an insider reacted to the rumours saying, 'Completely baseless.' Housefull 5 advance booking report Day 1: Akshay Kumar, Abhishek Bachchan starrer to make a strong start with Rs 13.94 crore debut Bollywood's beloved comedy franchise Housefull is back with its fifth and most ambitious instalment yet — Housefull 5 — and if early numbers are anything to go by, it's gearing up for a massive theatrical run. With Rs 13.94 crore already clocked in through Day 1 advance bookings, the film is off to a roaring start. According to industry tracker Sacnilk, Housefull 5A grossed approximately Rs 5.67 crore from the sale of 1,76,271 tickets across 10,087 shows, while Housefull 5B brought in around Rs 2.35 crore, selling 76,543 tickets through 7,279 shows. Together, without factoring in block seat bookings, the film has already amassed Rs 8.02 crore in advance sales. PBKS co-owner Preity Zinta pens a heartfelt note post-IPL loss; talks about a 'spectacular journey'; thanks the team for an incredible season After the fatal loss of the Punjab Kings team in the latest IPL tournament against RCB, Preity Zinta has issued a letter through her social media platform. Previously the actress and co-owner of PBKS was seen to be moved to tears with a disappointed look on her face on the day of the match. The actress has taken to her social media platform to share a motivational and heartwarming message to the players of Punjab Kings as well as all the fans that had been disappointed by the loss. She started her post off by saying, 'It didn't end the way we wanted it to, but…the journey was spectacular! It was exciting, entertaining, & inspiring. I loved the fight & the grit our young team, our shers, showed throughout the tournament.' Housefull 2 actress Shazahn Padamsee ties the knot with Ashish Kanakia in an intimate wedding ceremony, first pictures surface online Actress Shazahn Padamsee, who is known for her roles in Rocket Singh: Salesman of the Year, Dil Toh Baccha Hai Ji, and Housefull 2, has officially begun a new chapter in her life. The actress got married to businessman Ashish Kanakia on June 5, 2025, in a private ceremony attended by close friends and family. The wedding was a quiet, intimate affair spread over two days, with only the couple's inner circle in attendance. According to sources, a post-wedding celebration is set to take place on June 7, 2025. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .
Deccan Herald
an hour ago
- Deccan Herald
12 Maoists cadre carrying reward of over Rs one crore surrender
On surrender, Papakka Buchayya Chaudhary is being given Rs. 8.5 lakhs as a reward declared by the Centre and Maharashtra Government for rehabilitation.
Time of India
an hour ago
- Time of India
Chhattisgarh: Another senior Maoist carrying Rs 45 lakh bounty, killed in Bijapur encounter
RAIPUR Another senior Maoist rank cadre was killed in an encounter on Friday, that broke out in same area where a central committee member Sudhakar was neutralized on Thursday in forests of Bijapur district. The encounter was part of the same anti-Maoist operation underway since Wednesday being carried out by personnel from the state police's Special Task Force (STF) and District Reserve Guard (DRG) and CoBRA. Intermittent firing between security forces and the Maoist ultras took place the whole day and after the guns fell silent, security forces recovered body of Maoist Bhaskar, a 45-year-old, who carried cash bounty of Rs 25 lakh in Chhattisgarh and Rs 20 lakh in Telangana. Bhaskar was a Special Zonal Committee member of Telangana State Committee and was reportedly operating in the dense forests of Indravati National Park — a known Maoist stronghold. Speaking to TOI, Bastar range inspector general of police P Sundarraj said, 'As part of the ongoing anti-Naxal operation in the National Park area of Bijapur district, security forces have recovered the dead body of another male cadre. Preliminary identification indicates that the recovered body is that of Bhaskar alias Mailarapu Adellu, a member of the Telangana State Committee.' IG stated that an AK-47 rifle along with other explosives, weapons, and ammunition have been recovered from the encounter site. 'Bhaskar, a resident of Adilabad district in Telangana, was the Secretary of the Mancherial-Komarambheem (MKB) division of the CPI (Maoist) outfit,' IG said. In the same operation on June 5, security forces recovered body of Central Committee member Gautam alias Sudhakar along with an AK-47 rifle. The search operation in the area is still ongoing to trace other Maoist cadres in the nearby area. Detailed information regarding other Maoist casualties and recoveries will be shared after the operation concludes and full confirmation is received. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
