Why is Nowhera Shaik conducting opening ceremonies under the Heera Digital Gold Banner? Heera Digital business openings on major properties attached by Enforcement Directorate
SIX MAJOR PROPERTIES ATTACHED IN THE HEERA GOLD CASES:
#1. Banjara Hills office (Hyderabad).
#2. MLA Colony residence (Hyderabad).
#3. Kukatpally mall (Hyderabad)
#4. Tirupati mall (Andhra Pradesh).
#5. Belapur mall (Maharashtra).
#6. Tolichowki land (Hyderabad) - Litigation, Hyd HC.
Property #1 and #2 are currently occupied by Nowhera Shaik. They have also taken possession of #3 and #4 by the way of conducting lauch/opening ceremonies claiming to be launching a new business under the banner of Heera Digital World.
TAKING POSSESSION OF PROPERTIES UNDER THE GUISE OF DOING BUSINESS:
Property #3. January 1, 2022, Kukatpally mall opening.
Property #4. January 10, 2022, Tirupati mall opening.
Out of the six major properties attached by CCS/EOW, now with ED, property #6 is in litigation and the remaining 4 properties (#1 to #4) have been taken possession of by Nowhera Shaikh and property #5 is planned for possession/opening on January 20, 2022. Property #5 (Belapur) is planned to be opened on January 20, 2022, and Property #6 (Tolichowkie Land, Hyderabad) is in litigation in Hyderabad High Court, and an intervention has been filed in the Heera Case 31/2020 asking SC to exclude property #6 from any kind of liquidation.
SUPREME COURT'S ORIGINAL INTENT:
In the earlier hearings, the Supreme Court had assigned the Hon'ble ASG to find a workable solution by the way of SFIO verifying claims and Evaluator assessing worth of properties to be sold to settle claims verified by SFIO, both to be headed by Hon'ble ASG, Shri. S.V. Raju's office. Heera Gold's taking possession of the major properties attached by ED/CCS/EOW, and creating a show of business is an attempt to prevent the ASG's office to count these properties amongst those that may be liquidated for the purpose of paying the claimants verified by SFIO.
There are numerous misleading advertisements floated by Heera Gold under the Heera Digital World banner along with several false statements made to fabricate a show of business with the sole purpsoe of taking possession of prime properties, and subsequently to divert SC's attention towards property #6 |(litigation). This action of the company is just a new conflict for the Supreme Court to ponder upon and cause hindrence in the Hon'ble Supreme Court of India's intent to provide relief to the claimants.
MISLEADING ADVERTISEMENTS:
1. Website: https://heeradigitalworld.com/ - “With over 150 stores across the country, a Heera store is close to you wherever you live.”
2. Facebook: https://www.facebook.com/Heera-Digital-World-108076058160417/ - “Interview of Dr. Nowhera Shaik at the launch of Digital Gold.”
3. YouTube: List of Videos Establishing False Claims, Misleading Advertisements, inducing investors to invest
Video #1: https://youtu.be/4LnJfeBiud0
Video Title: Introducing Heera Digital Gold
YouTube Channel: DrNowherashaikOfficial
Link of Channel: https://www.youtube.com/channel/UCrA9gaBisLkJHzOSYfBLayw/videos
Advertising:
Investment, Locker/vault
Statements Made:
- “You may invest the amount with your convenience. Heera Gold can be used to secure online
loans, and the gold here is real and 24 KTR.
We will be keeping your gold securely and thoroughly insured.”
- “When you start investing in Heera
Digital Gold, it buys an equivalent quantity of actual gold and keeps it in
safe vaults in your name.”
- “You can exchange Digital Gold for physical
jewelry or gold bars. Your gold will be
safe in our secure vaults.”
Video #2:
https://youtu.be/ONmxwlj4jek
Video Title: AB YE
SUNE AAPAA KI ZABANI || #heeramart
YouTube Channel:
Heera Gold Genuine Supporter
Link of Channel: https://www.youtube.com/channel/UC47laVJkJpg2gqpItqoKscw
Advertising: Investment,
Holding of Gold With Bank (Digital Gold).
Statements Made (Nowhera Shaik):
- “Digital aur physical me fark ye rahega, ke digital
apne business ke liye banking ke through hold kar sakte hai aur uska jo
turnover hota hai aur uska jo market price hota hai wo Kitco market world
market price ke hisab se hota hai aur uska jo profit hota hai ek dum se accha
wala profit hota hai.” Translated: “The difference between Digital and Physical
Gold is that you can hold your gold with us for business purposes and the
profit generated and the market price is better in Digital Gold.”
Video #3: https://youtu.be/1X3fKGU-AXU
Video Title: ALL
DETAILS ABOUT HEERA DIGITAL GOLD
YouTube Channel:
Heera Group
Link of Channel: https://www.youtube.com/channel/UCn2-UeDFR5bGApwABj5XVjA
Advertising:
Worldwide Business Claims, Digital Gold
Statements Made:
- “Heera Group is currently one of the top ventures not
just nationally but internationally.”
- “One can place an order for physical gold in the form
of bars or jewelry in exchange for digital gold.”
Video Title: Heera Digital Gold Update Latest
YouTube Channel: Nowhera shaik FC
Link of Channel: https://www.youtube.com/channel/UC84MEqTgbO57F93VVdtJv7w
Advertising: Investment, Storage of Digital Gold
Statements:
- “Heera Digital Gold assures complete security and safety in terms of the storage facilities for the digital gold purchased.”
- “Heera Digital Gold gives you a guarantee that the digital gold bought by you will be stored safely.”
- “Heera Digital Gold assures complete security and safety in terms of the storage facilities for the digital gold purchased.”
- “Heera Digital Gold is a safe investment that will give you good returns in the future.”
Video #5:
https://youtu.be/-i-PLXCZ3us & https://youtu.be/qpSDVrnPfhA
Video Title:
HEERA DIGITAL GOLD AND HOW IT IS PURCHASED.
YouTube Channel: DrNowherashaikOfficial & Heera Group Team
Salim iPhone
Link of Channel: https://www.youtube.com/channel/UCrA9gaBisLkJHzOSYfBLayw & https://www.youtube.com/channel/UCQKuCABz5QZ5YrnFZ-jPIDQ
Advertising:
Heera Digital’s Vault/Locker
Statements:
- “Heera Digital Gold will be transferred to
your wallet after the purchase. Heera
Digital Gold will be safely kept in our Heera Group vaults on your name.”
- “Whenever you want you can convert that
into physical gold and take delivery from our stores all over the globe.”
LIST OF A FEW OF THE MANY FALSE CLAIMS BY HEERA GROUP IN THEIR ADVERTISEMENTS MADE FOR HEERA DIGITAL GOLD
Claim #1:
Over 150 stores across the country.
Heera Group is currently one of the top ventures not just
nationally but internationally. Whenever you want you can convert that into physical gold and take
delivery from our stores all over the globe.
Fact:
Enforcement Directorate has attached all of Nowhera Shaik’s properties
and apart from a few properties in Hyderabad, the rest are completely closed. Making false claims about
affiliation/recognition Constitutes unfair trade practice
Claim #2:
The digital gold you purchase from Heera Group will be safely keep in
the company’s vault on your name.
Fact:
Only about three companies in India have the authority to provide vault
services for digital gold:
1. Augmont Gold Ltd.
2. MMTC-PAMP India Pvt. Ltd. a joint venture
between state-run MMTC Ltd. and Swiss firm MKS PAMP.
3. Digital Gold India Pvt/Ltd with its
SafeGold brand.
Claim #3:
We will be keeping your gold securely and thoroughly insured.
Fact: There is no
mention in any brochure or digital advertisement or verbal statements about any
tie-up with any insurance provider.
Claim #4:
Over 1000 people have already purchased gold coins from us just after
advertising Heera Digital Gold in WhatsApp groups.
Fact:
This statement was made on January 1, 2022, which was the day of
opening/inauguration of Heera Digital Gold.
Heera Digital Gold is said to be a scheme under the company named Heera Gold Exim Ltd. Heera Gold Exim Ltd is an “unlisted” company and therefore is not on the share market. It does not have any permission/license from RBI to collect deposits/investments from people. Nowhera Shaik is claiming to be providing vault services for gold and due to being an unlisted public limited company and the lack of permission/license from RBI, any sale of digital gold would amount to offence under Banning of Unregulated Deposit Schemes Act.
The Bureau of Indian Standards (Certification)
Regulations, 1988 Rule 7 (1) (l), (g) and (h) prohibits misleading
advertisements pertaining to BIS certification. It says:
(g) The licensee shall state in documentation brochures
or through advertising media that the organization or location to which the
license applies have been assessed and approved by the Bureau. In such
advertisement the Indian Standard(s) on Management Systems(s) for which a
license has been granted is/are to be stated and any other level(s) of approval
than granted is not to be implied.
In none of the advertisements done by Heera Gold Exim
Ltd have they mentioned the BIS certification.
No BIS certification mentioned in Heera Gold’s official website, Facebook, YouTube or any social media accounts operated by them.
IMPORTANT POINTS - RS. 44 CRORES HANDED OVER BY SC TO COMPANY:
1. Rs. 44 crore has been returned by ED per the instructions of Hon'ble Supreme Court - We have not yet taken accounts of this money transferred back to Heera accounts. The compliance report is incomplete and lacks proper documents establishing compliance/payment to claimants, which was the purpose of which the money was handed over back to the company.
2. Data is only an excuse for delay - This has been going on for more than a year now. Despite SC setting brief guidelines to get things done, the company has been coming up with multiple variations of similar excuses, and ASG has been updating the court of non-cooperation by Heera. We are moving towards a stalemate situation instead of a workable solution.
NONCOMPLIANCE - NO MORE THAN 100 CLAIMANTS HAVE BEEN PAID OVERALL
The undertaking given by Nowhera Shaik dated January 11, 2021, states that she will be settling all complainants/claimants within a period of 6 weeks, and all other claims within a period of 6 months because of which the Supreme Court of India had granted her bail on January 19, 2021. In support of the promises made by Nowhera Shaikh in her January 11, 2021, undertaking, she has submitted a series of compliance reports. Any one of these so-called compliance report if checked, will expose all truth that needs to be known by the court.
OTHERS - FRAZER TOWN (BANGALORE, KARNATAKA) MAJOR PROPERTY NOT ATTACHED
