Heera Group Scam | An Open Letter to the Chief Justice of India, Supreme Court of India

To,

The Chief Justice of India

Supreme Court of India

Re:  Heera Group Scam Case 

We have been following the investigations and court proceedings in almost all the cases registered against the CEO of Heera Group of Companies and we am extremely disheartened by the way of its progress.  We have lost our hard-earned money and look up to this honorable court as our final hope for justice.  We are listing below a few points for this honorable court to take cognizance of in the interest of all the investors of Heera Group of Companies:

OUR OBJECTIONS TO THE SUBMISSIONS OF THE PETITIONER (NOWHERA SHAIKH):

1.  In the LIST OF DATES AND EVENTS (section tagged 1998), I object to the following submissions:

a)  That Nowhera Shaikh is a highly educated woman; false.

b)  That the name of the madrassa is Gamiyan Iswan; it is Jamiat un Niswa As Salaf, abbreviated JNAS.

c)  That the petitioner has started textile and jewelry business in 1998 is false and it is general knowledge that the first company to be registered as Nowhera Shaikh as director was not before 2009.

2.  In the LIST OF DATES AND EVENTS (section tagged 12.11.2017), I object to the following submissions:

a)  That the company has been paying dividends to its customers for the last 15 years without fail; false and cannot be proven or submitted in this honorable court by Heera Group or anybody associated with it; the first registration of any of the company under the banner of Heera Group was not before the year 2009.

b)  That the petition decided to pay dividends on quarterly basis and not monthly basis as empowered by terms and condition contracted between company and investor; there was no standard Term and Condition document ever issued and never was one made available online, and investigating agencies have made submissions after investigation that the company did not have the necessary permission from RBI or other Government bodies to take in investment from the public, also cited in the order by Justice Shamim Akhtar of Telangana High Court.

FACTS OF THE CASE KNOWN TO US:

Going through the petition, the petitioner is addressing us as Customers and then as Investors, and have used the word Dividends, which is a discrepancy in composition that should be questioned.

1.  The first company registered under the banner of Heera group of companies was done not before the year 2009; same is also admitted by the petitioner in this court.

2.  The petitioner and company had issued Shareholding Certificates to its investors from the year 2009 to the year 2012. The petitioner and company issued Membership Certificates to its investors from the year 2012 to 2014. A video uploaded in the official YouTube channel of the Petitioner named Heera Group Official, shows video proof of a share certificate.  There is an investors’ study that I request this honorable court to check – Title:  How did Heera Group cheat us:  https://www.youtube.com/watch?v=1FidA5aQkQU  A detailed study of the internal functioning of Heera Group.

3.  That the Heera Group of Companies were having about 74 branches across the Country and abroad and engaged more than 430 Marketing Executives (MEs) and over a 1000 Direct Selling Agents (DSAs) in order to collect the deposits from the prospective investors.  These agents were trained to trick the gullible investors.

4.  That after the petitioner and company failed to hand out dividends in the month of May 2018, several internal policy changes were executed by the company despite which all investors including I gave the company more time to resolve, and only after the company failed to pay the dividends or return the capital against withdrawals submitted by over 10,000 investors, did the first FIR was registered in the month of September 2018 at Banjara Hills Police Station.

5.  That never did the petitioner claim political conspiracy leading to downfall or loss to the company, but claimed so only after the arrest of the petitioner in the Banjara Hills FIR. We investors were told that the delay in paying the dividends were because of the overburdening of company work due to GST.

6.  That we have come to know that Heera Group has changed Chartered Accountants on a yearly basis so as no one single Chartered Accountant may know of the internal happenings of the company/companies.

7.  That we are now know that none of the company under the Heera Group banner had any kind of legal permission to collect money in the form of deposits or investments from the people.

8.  That the total amount of investments taken in per CCS report is around Rs. 5600 crores (Rupees Five Thousand Six Hundred Crores) with lakhs of people affected, not only from the resident Indians but also from NRIs and citizens of other countries, and Heera Group had opened more than 240 bank accounts to take in these investments with the intent to confuse the Income Tax Department and other authorities.

9.  That Heera Group, its CEO, or anybody for that matter has no submissions in any court cases registered against them of any kind of “business on ground” as their defense, and all the while Heera Group has been pleading for investigation by a single authority with the sole intention of clubbing up all cases and expecting bail, and that Heera Group has no intention to pay back our money as they had the intention to cheat from the beginning of its establishment, “no business on ground.”

LACK ON PROSECUTION AND PROGRESS IN INVESTIGATION:

1. Out of the 33 accused in all cases against the petitioner and company, only 4 have been arrested and prosecuted.

2. CCS has submitted that SFIO is already helping CCS with the case in the affidavits submitted to Telangana High Court.

3. None of the promoters have been prosecuted or named as accused in any of the FIRs:

a) Aqil Jeddah - Links

b) Meraj Rabbani - Links.

c) Jalaluddin Qasmi - Links.

d) Arshad Basheer Madani - Links.

e) Dr. Shehnaz Shaikh.

4.  That all of the current investigating agencies have failed to prosecute any of Marketing Executives or Direct Selling Agent even though it is it evident that they knew the ins and outs of the company, today have made a fortune out of this scam, rendering most of the investors poor and in debt.

OUR PLEA:

We are dissatisfied by the pace and progress of the investigation undertaken by CCS, Hyderabad, assisted by SFIO, and there ample information that establishes foreign investments not only by Indian nationals but by citizens of other countries; Pakistan, Bangladesh, Srilanka, to name a few:

1. Transfer the investigation to CBI so that they find out the foreign investments taken in by Heera Group of Companies and also find out the businesses operated by Heera Group in Gulf countries as claimed by Heera Group; and so that the Ulema and religious scholars who lured in susceptible people to invest their hard earned money into various schemes floated by the several sham companies of the group, be punished;

2. Liquidate the attached properties as soon as possible as there are news that a couple of investors have committed suicide and several of the investors are died already, and a couple of investors have resorted to begging on the streets after investing all their savings in this group who promised us Interest Free and Halal (Legal) Trade.

Heera Group has agreed to liquidate - Jan 15, 2020, Bombay High Court Order.

We urge the Supreme Court of India to take note that Heera Group has been disposing off the properties not attached by all existing investigating agencies, which is making most of us lose faith in the police system.  CCS, Mumbai EOW, Karnataka Police, none of them have done satisfactory work in this case.  Our only hope is that the investigation be handed over to the Central Bureau of Investigations with a timeframe to complete investigation as early as can be possible, with immediately liquidation of the attached properties and monies in the bank accounts of Heera Group of Companies, seized by the authorities.

Yours truly,

Victims of the Heera Group of Companies Scam