SFIO Report Summary November 11, 2022 | Heera Gold Victims Thank SFIO & Sarath Associates

 

HEARING SUMMARY: - SFIO said 400 crores worth claims registered. - SC asked Heera to deposit 400 crores. - Heera says we have surrendered properties. - SFIO said Income Tax authorities say properties are only worth 100 cr. - Heera said properties are worth more and we have buyer. - SC said bring forward your buyer. And again mentioned to SFIO that the depositing of Rs. 400 crore should be priority. SFIO AFFIDAVIT SUMMARY: TOTAL CLAIMS: Est. Total claims: 7106 - Rs. 378 crores Claims in order: 6178 - Rs. 343 crores Claims found deficient: 928 - Rs. 34 crores MAPPING Est. (CLAIMS IN ORDER): 6178 Fully Mapped: 5258 - Rs. 262 crores Partially Mapped: 302 - Rs. 35 crores Not Mapped: 130 - Rs. 6 crores Under Process: 488 - 39 crores WITHDRAWAL OF INVESTMENT: In 273 cases, claimants have found to have withdrawn their principal amount. Further verification is in progress. ASSISTANCE OF HEERA GROUP: Heera Group has been provided photostats of 7298 investors' claims. VALUATION OF PROPERTIES: - Income Tax evaluated the 71 properties (list forwarded by Heera Group) to be worth Rs. 110 crores. - SFIO sent email to Heera Group on September 2, 2022, asking for additional properties for evaluation - No reply from Heera Group. - SFIO sent a second email on September 12, 2022. - Heera Group replied on September 16, 2022, stating that the property evaluation is very low and that they have buyers who can buy the properties at proper price. COST OF CA (SARATH AND ASSOCIATES) STATE WISE COMMITTEE SFIO COMPLETED INVESTIGATION REPORT

November 10, 2022 | Nowhera Shaik is trying to sell ED-attached properties

Despite the Hon'ble Apex Court trying to make all ends meet for the claimants in the Heera Group case, Nowhera Shaik and her Group seem to be having no intention to comply with the Hon'ble Court's directions.  The directions in the Hon'ble Supreme Court of India's ROP today clearly state that since there is a discrepancy between the property value assessed by Tax Authorities (Rs. 110 crores) and as claimed to be by Heera Group (Rs. 800 crores), and so Heera Group has been asked to bring forth the Buyer of the properties worth Rs. 800 crores, that they claim they have, and offered lifting up of any attachment on the attached properties in case a workable solution can be executed in favor of settlement of Rs. 400 crores which until now is the total amount of claims forwarded by the Investors of Heera Group to SFIO.  Regardless, social media is being flooded by false information wherein Nowhera Shaikh and two other members of Heera Group, namely Mutiurrehma Aziz and Rajesh Mishra are clearly lying that the Hon'ble Supreme Court has given the group permission to sell any of the attached properties as they want.

SC ROP (November 10, 2022) Direction #2:  "There is a large discrepancy between the amount assessed by the tax authorities as realizable from sale of property as compared to what petitioners have stated before us. While the properties are assessed at over 110 crores, Mr. Ranjit Kumar, learned senior counsel states that they have ready buyers which will fetch a price amount over Rs.800 crores. We, thus, permit the petitioners to file their offer in a sealed cover as logically the buyer(s) would not like disclosures of all details. We have emphasized to them the importance of prompt payment specially of an amount of Rs.400 crores which would be sufficient to satisfy all the investors so far. Needless to say that any attachment of this land would be agreed to be lifted or lifted by this Court to facilitate the same."

In the below-attached video, all three Heera Group members, Mutiurrehman Aziz, Rajesh Mishra, and Nowhera Shaik herself are openly lying with regards to Supreme Court Directions of November 10, 2022. The claimants in the case believe that Nowhera Shaik and her group are spreading this lie of properties being detached with the intention to sell a part of it off to other unknown potential buyers without the knowledge of the authorities or the Hon'ble Apex Court so as to bring it under further litigation.

Mutiurrehman Aziz:  https://www.youtube.com/watch?v=92LyEyTiMD0

Rajesh Mishra:  https://www.youtube.com/watch?v=19UjTHW_XGg

Nowhera Shaikh:  https://www.youtube.com/watch?v=GDD3TG2WumE