Four Shell Companies Left Out of Heera Gold Scam Investigations

There are four companies that have been left out of investigation in the Heera Group of Companies cases.  Almas Retail Trading private limited, Almas Gold private limited, Diamond Gold Trading private limited, and Diamond Gold Manufacturing private limited.  CCS Hyderabad, Mumbai EOW, and others, all have omitted these four companies in their investigation.

The primary Investment-Taking Company named Heera Gold Exim limited has Khamar Jaan Shaikh as a director in it per the official website of Minister of Corporate Affairs and Khamar Jaan Shaikh also is director in Almas Retail Trading Pvt. Ltd., Almas Gold Pvt. Ltd., Diamond Gold Trading Pvt. Ltd., and Diamond Gold Manufacturing Pvt. Ltd.  Khamar Jahan Shaikh is a younger sister (immediate family) of Nowhera Shaikh, and the other director of these four companies mentioned herein is one named Muneera Shaikh who also is a younger sister immediate family of Nowhera Shaikh's.

A simple search on the Minister of Corporate Affairs website on Heera Gold Exim Ltd. and its directors by any investigating agency would have easily revealed the facts of these four companies, which have not been done by any of the existing investigating agencies investigating the cases registered against the petitioner.

Heera Gold Exim Ltd.: https://www.zaubacorp.com/company/HEERA-GOLD-EXIM-LIMITED/U27310TG2010PLC070570

Nowhera Shaik (Petitioner of 2455/2019) Director

Khamar Jahan Shaik (sister of Nowhera Shaikh) Director

Mohammed Ashraf Shaik Director

Naheena Director

Mubarak Jan Shaik Director

Almas Retail Trading Pvt. Ltd.: https://www.zaubacorp.com/company/ALMAS-RETAIL-TRADING-PRIVATE-LIMITED/U27310TG2016PTC103539

Khamar Jahan Shaik (s/o Nowhera Shaikh) Director

Muneera Shaik (s/o Nowhera Shaikh) Director

Almas Gold Pvt. Ltd: https://www.zaubacorp.com/company/ALMAS-GOLD-PRIVATE-LIMITED/U27310TG2016PTC103541

Khamar Jahan Shaik Director

Muneera Shaik Director

Diamond Gold Trading Pvt. Ltd.: https://www.zaubacorp.com/company/DIAMOND-GOLD-TRADING-PRIVATE-LIMITED/U27310TG2016PTC103542

Khamar Jahan Shaik Director

Muneera Shaik Director

Diamond Gold Manufacturing Pvt. Ltd.: https://www.zaubacorp.com/company/DIAMOND-GOLD-MANUFACTURING-PRIVATE-LIMITED/U27310TG2016PTC103543

Khamar Jahan Shaik Director

Muneera Shaik Director

Why have the investigating agencies, including Mumbai EOW, CCS Hyderabad, and SFIO who is aiding CCS in Hyderabad, not taken the above-mentioned four companies (Almas Retail Trading Pvt. Ltd., Almas Gold Pvt. Ltd., Diamond Gold Trading Pvt. Ltd., Diamond Gold Manufacturing Pvt. Ltd.) into investigation.  Depositors’ cases are against the primary company named Heera Gold Exim Ltd., and Khamar Jahan Shaik being the director of Heera Gold Exim Ltd. warrants investigation on all other companies and bank accounts belonging to her.  This would definitely put light on the massive backdoor corruption that has happened in the case.

Y. Sayed

Why has Heera Group agreed to pay Maharashtra?

There are three states in which Heera Group has its properties - Maharashtra, Telangana, and Karnataka.  Maharashtra has the maximum number of noncomplainants (over 500 crores).  Two competent authorities have been attaching properties of Heera Group, one in Mumbai and the other in Telangana.

Competent authority of Mumbai has only 44 crore worth property and 21 crore worth cash in bank.  Competent Authority of Telangana has around 250 crore worth property attached.

*Maharashtra*
- Complainant Amount: 34 Crores
- Property & Cash: 44 + 21 = 65 Crores
Noncomplainants: 500 Crores ++

*Telangana*
- Complainant Amount: 20 Crores.
- Property: 250 Crores ++
Noncomplainants: 100 Crores

From what I can make out, Heera Group is thinking to settle Maharashtra by using the 44 crore property and 21 crore bank account when the total outstanding in more than 550 crore minimum.  If they manage to settle Maharashtra, then they dump the 500 Crore noncomplainants of Maharashtra.  And Telangana can be easily settled because of the less number of Investors and more worth of properties in Telangana.

Heera Group will save at least 300 crores at the cost of Maharashtra noncomplainants, and all noncomplainants of Maharashtra will be left at the mercy of Nowhera Shaikh.

If Nowhera Shaikh comes out and does not pay, who will be held responsible then?  And what about investors of other states such as Gujarat, Rajasthan, Kerala, Uttar Pradesh, Jharkhand, Delhi?  What about the NRIs of UAE, Saudi, Kuwait?

Regardless, agreeing to pay amounts to agreeing of having had taken deposits, which means *guilt admitted.*

The endgame has begun.  Go register your claims.

Y. Sayed