The Hon'ble Supreme Court of India has worked in complete favor of affected victims of the Heera Group Ponzi scam. The initiation of liquidation in the Heera Gold scam case is equal to bypassing the trail of all cases registered against Heera Group in various states and bringing it down to Recovery.
INVESTORS UNITY - Sahara scam Investors were completely divided. No associations or groups formed. Investors had to independently follow case. - Heera Gold scam investors are united. More than 7000 investors have filed their claims with SFIO, and this information was provided to them by Associations formed to fight against the scam, YouTube News Channels, and other investors who have been following the case since the beginning. MEDIA INFLUENCE - Sahara managed to successfully mislead its investors as well as the court using media. - Heera Group failed to mislead its investors. Even today they are trying their best by buying off numerous article writers and small-to-medium YouTube channels to propagate falsehood but are failing because of the investors remaining united against the scam. REASON FOR PROSECUTION - Sahara case was filed by SEBI after they found Sahara to be floating illegal/illegitimate schemes and collecting money from people. There was no complaint from investor initially and Subrato Roy got prosecuted. - Heera Group case was filed by Investors and Nowhera Shaikh was arrested because of complaints filed by affected victims of the scam. CASE STATUS - Sahara owner Subrato Roy vs SEBI is a scam but converted by Subrato Roy into a technical fight where Sahara claims to have been functioning as per the law and SEBI claims otherwise. - Heera Group failed to put up a fight and has agreed to settle investors, which is why Nowhera Shaikh has been provided bail. Heera Group, however, is trying to fight the liquidation procedure (claim verification and auction) by pointing out errors in SFIO's handling of the same. Next Date (tentative/computer generated): November 10, 2022
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