Nowhera Shaik Explained

Nowhera Shaik
Birth Date:21 September 1973
Birth Place:Tirupati, Andhra Pradesh, India[1]
Nationality:Indian
Residence:Hyderabad
Office:CEO of Heera Group of Companies
Term Start:1998
Office2:President of the All India Mahila Empowerment Party
Term Start2:2017
Predecessor2:Position Established

Aalima Nowhera Shaik is an Indian entrepreneur and politician who has been accused of serious offences under the Prevention of Money Laundering Act and under investigation by the Serious Fraud Investigation Office. She is the executive chairperson and founder of Heera Group and founder and current president of the All India Mahila Empowerment Party.

Heera Group

As per its website, Heera Group claimed that it was a company with diversified operations in various sectors including gold imports, gold trading, textiles, jewellery, mineral water, granite, tours and travels, real estate and e-commerce. Heera Mart, the group's shopping mall is located at Kukatpally, Hyderabad.

[2] Heera Group was As per the chargesheet filed by Telangana Police at the behest of investors, its subsequent investigation, and the declaration by the company itself, the company started operation in 2008 as a small import and export company called Hera Exim, renting 5 shop spaces in malls in Hyderabad, namely F1, F2, F3, F14 and F15. The company subsequently bought these spaces, and sold them to Indian Overseas Bank and Corporation Bank for Rs. 4 crore, the beginning capital investment for the group's subsequent activities. Subsequently, the shop shifted to Poatpally, and opened a large head office and call center in Banjara Hills, claiming to have international operations and floating investment schemes for small investors.

Money laundering cases

Serious Fraud Investigation Office of the Government of India has issued a notice to Heera Group in this matter. [3]

Political life

On 16 November 2017, Shaik founded the All India Mahila Empowerment Party.[4] The party contested the 2018 Karnataka Legislative Assembly election[5] and fielded candidates for all 224 constituencies, garnering 0.3% vote share.[6] The party contested from all the 119 constituencies in the 2018 Telangana Legislative Assembly election and aims to contest in the 2019 Indian general election.[7]

In 2016, a complaint was filed against Heera Group by Asaduddin Owaisi alleging that a number of investors from his constituency Hyderabad were cheated but was granted bail by the court on the condition to return investors' amount.[8] [9] [10]

Awards and recognition

Gulf News has reported that Nowhera Shaik is accused of faking awards to gain trust. [12]

Notes and References

  1. News: Andhra CID arrests Nowhera Shaikh from Chittoor in ponzi scam . Hindustan Times . 3 January 2019 . en.
  2. Web site: Heera Mart in Kukatpally. 9 October 2016. The Hans India.
  3. News: SFIO Heera Webnotice dated 20-03-2023.
  4. Web site: Nowhera floats new party for women empowerment. Daily Pioneer News. dailypioneer.com. 17 Nov 2017. 3 Jul 2021.
  5. Web site: Nowhera Shaikh: Entrepreneur, educationist, conwoman. Swati. Sharma. 23 November 2018. Deccan Chronicle.
  6. Web site: Nowhera Shaikh: From trading in gold to launching a party, her career was full of twists - Times of India. The Times of India.
  7. News: MEP to contest all seats in state polls . 10 October 2018 . The Times of India . 24 June 2019.
  8. Web site: Heera partners in row once again in trouble with a fresh dispute and a police case. Deccan Chronicle. Deccan Chronicle. 7 Aug 2016. 18 June 2021.
  9. Web site: Will repay investors, claims Heera Group MD Nowhera Shaikh after release from jail. The News Minute. thenewsminute.com. 13 Mar 2021. 18 June 2021.
  10. News: Hussain . Shaik Zakeer . Scam-Hit Heera Gold Reopens Office In Hyderabad After SC's Order . The Cognate . 27 March 2021.
  11. Web site: Dr. Nowhera Shaik Received Award by Indian Business Professionals Council, Dubai . https://web.archive.org/web/20210709182457/http://cms.newindianexpress.com/business/press-releases/2018/jun/28/dr-nowhera-shaik-received-award-by-uae-minister-for-business-leadership-icon-1835585.html. dead. July 9, 2021. New Indian Express News. newindianexpress.com. 28 Jun 2018. 16 June 2021.
  12. News: How Heera Group’s managing director Nowhera Shaikh faked awards to gain trust . 7 November 2018.