Heera Group Scam | MCA (ROC) Companies Act | What Would SFIO Add To The Case?

Heera Group Scam | ROC Case Hyderabad

Nowhera Shaikh was examined on November 15, 2019, and when the court questioned about the business module and company whereabouts, all that she stated was that all company documents were seized by ACP Ram Kumar, CCS, Hyderabad. She had nothing to offer in defence.

Given this situation, what purpose would it serve to club the cases and send them to SFIO? Where is CCS lacking? What about the foreign businesses and bank accounts that are known to all of us? Why not hand it over to CBI? Heera Group had no business on ground which is why they have no defence. "Ponzi," as stated by SEBI, ED, CCS, Mumbai EOW and other bodies investigating.

Whatever investigating body would be investigating the Heera Group case after a Supreme Court direction, investors need a thorough investigation to the least with prosecution of all directors, promoters, vendors (branch incharge), and agents, and liquidation of assets on an urgent basis.

In the interest of Heera Group Investors.

Heera Group Latest Update | Composed on August 19, 2020

Image: Enforcement Directorate Attachment of Tolichowki Land in the Heera Group Case.

*Heera Group Latest Update | Composed on August 19, 2020*

*SC - Virtual Hearing:*

We have a tentative (not confirmed) date on September 28th. Dates are being postponed because of the Coronavirus situation.

*SC - Physical Hearing:*

The Supreme Court has decided to start physical hearings for around 500 cases that they consider to be most important. HG is unfortunately not on the list.

*HC - Bombay:*

Nowhera Shaikh has withdrawn her bail application from Mumbai HC.

*Way Forward:*

We will have to wait for a Supreme Court liquidation order.

NS has not submitted anything in defence.  all that she is asking is for the cases to be transferred to SFIO, claiming that she is a victim of political conspiracy.  CCS who is currently investigating the case was asking for the supreme court to return back all cases to them, stating that SFIO has already been assisting them in the case.

Heera Victims Association is fighting for liquidation and suggesting that the case be better transferred to CBI since there is foreign investments and self-proclaimed (by Heera Group) foreign businesses involved.

Once the court opens, we assume that it will take anywhere between 5 to 7 hearings in court for the court to come to any kind of conclusion, but we are hopeful to get a liquidation order since Heera group has already agreed for liquidation as evident in the January 15th 2020 Mumbai High Court order.

Once Supreme Court issues the liquidation order, the competent authority will issue a public notice declaring a final date after which no complaints on the company will be entertained.  Once the window closes, the competent authority will verify all claims and put all attached properties for auction.

This procedure will take anywhere between one and half year to three or even four years to complete, depending on how well we follow up.

In between all this, the most important thing to watch out is the final date issued via public notice by the competent authority.  If Nowhera Shaikh gets bail before the final date, then it becomes easier for the noncomplianants to decide whether they need to register their complaints or not.  If she comes out and pays as most of the noncomplainants expect her to do, then everything is clear, and if she fails to pay then the decision to register claims becomes easier.

In case Nowhera Shaikh does not get bail before the final date, then the non complainants will have to decide whether to register their claim before the final date or to completely put their trust on Nowhera Sheikh.

1.  Liquidation order.

2.  Public notice informing last date 

3.  Auction of property.

4.  Disbursement.

Once the final date goes by, you cannot file your complaint against Heera Group as the law will consider it winded up.

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

Heera Group Ponzi Scam | Land behind JNAS | Benamis Not Attached | Ismail Shaikh

The land behind JNAS madrassa, Tirupati, belongs to Ismail Shaikh (Nowhera Shaikh's brother), Yasin Baig (Ismail Shaikh's brother-in-law), and Noorullah. Did CCS attach this benami property?

Heera Group complainants are not satisfied by the investigation conducted by CCS, Hyderabad, Mumbai EOW.

Y. Sayed

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

New Information on Heera Group of Companies Family Members & Benamis

Part 1:  In-Laws of Heera Group of Companies

Yasin Baig's brother, Kaleel Baig, a resident of Gurramkonda Village, had organized a weeding on October 6, 2019, for Yasin Baig's son Moghal Asif.  Ismail Shaikh (brother of Nowhera Shaikh) and Yasin Baig's sons were present in this marriage.

Front Row - From Right: 

1.  Moghal Ishaq, son of Yasin Baig.  He has played key roles in the functioning of Heera Group Central Office.  He is also holding Heera Group benami properties in his name and it is currently believed that he got a lot of depositor's money in his bank accounts.

2.  No Details 
3.  No Details 

4.  Ashraf Shaikh, son of Ismail Shaikh.  Bank account has lots of money stacked.
5.  Mohammed Ashraf.  Director in Heera Gold Exim.  Married to Yasin Baig's daughter.  He has played key roles in the functioning of Heera Group Central Office and has a lot of Heera Group depositors' money stacked in his personal bank account.  Mohammad Ashraf Shaikh is Yasin Baig's son-in-law.  He is one of the directors of Heera Gold Exim Ltd.

6. Nurullah Shaikh

Back Row - From Right

1.  Imran Shaikh, brother of Nowhera Shaikh.  He has played key roles in the functioning of Heera Group Central Office.

2.  Moghal Asif, son of Yasin Baig.  He has been the manager for Heera Group Central Office and has contributed a lot in Mahila Empowerment Party.  Recently His Marriage done in Gurramkonda by Yasin Brothers.
3.  Akram Shaikh, son of Ismail Shaikh.  He is believed to be the finance manager of Heera Group of Companies and is married to Khaleel Baig's Daughter.

4.  Ismail Shaikh.  Brother of Nowhera Shaikh's, director in Heera Group Exim Ltd.
5.  Yasin Baig.
6.  Fayaz Baig:  Brother of Yasin Baig.  Has played key roles in the operations of Heera Group Central Office.

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Part 2:  Details of Properties Held by Nowhera Shaikh's Daughter and Son-in-Law.

Nowhera Shaikh has two sons and one daughter.

1.  Shaik Abubakar

2.  Shaik Abdul Qaiyum

3.  CK Raheema

CK Raheema got married to CK Nasar who was made Heera Foodex Incharge.  CK Nasar holds a lot of money in his bank accounts, believed to be more than 25 crores.  CK Nasar got married to Raheema before Nowhera Shaikh started Heera Gold, and he used to work as a watchman and also worked in a general store.  CK Nasar joined Heera Group as a Foodex Incharge, Promoter, as well as Marketing Executive.  Nowhera Shaikh had gifted him her BMW, and had bought one villa in Paramount for her daughter Raheema.

Paramount Villa Address:  8-1-398 / PM / 91, Gate No. 4, Ameena Masjid, Paramount Hills Colony, Towlichoki, Hyderabad – 500008, Telangana

There is another house in Raheema's name in Padmavathipuram, Tirupati, Andhra Pradesh.  This was also purchased by Nowhera Shaikh.

CK Nasar Holding lot of property behalf of Nowhera Shaik like in Telangana and Andhra Pradesh all Property payment done by Heera Group and check his bank account.

Telangana:

1. Chevadla Sub Registrar

2. Banjarahills Sub Registrar:  Total two plots purchased from SA Builders (Amount Paid By Heera Group) - Please check the UTR no in below documents.

----------

The sale deed registered vide doc. No.814 / 2016, dated 10-02-2016, Office of Joint Sub Registrar, Banjara Hills, Hyderabad.

SCHEDULE

All that the plot bearing No. 38 & 39, each plot measuring 240.6 square yards, total admeasuring 480.12 square yards out of Ac.1-16.75 Guntas, total land admeasuring Ac.22-32.6 guntas. In Survey No. 41, 174,177,178,180/1, 181,182 & 211 situated at Tolichowki, Shaikpet village and mandal, Hyderabad District, Telangana State and boundaries as

Boundaries of Plot No.38:

North:  Plot No. 41

South:  Plot No. 24

East​​​:  ​Plot No. 39

West​​​: ​30 feet wide road

Boundaries of Plot No.39:

North​​​:​  Plot No. 40

South​​​: ​ Plot No. 23

East​​​:​  30 feet wide road

West​​​:  ​Plot No 38

Total worth of all properties:  Approximately 15 Crores

----------

No notice has been issued to CK Nasar and/or CK Raheema.  CK Nasar is a frequent visitor to the United Arab Emirates and holds a lot of property documents belonging to Nowhera Shaikh family members.

Current Resident:  Paramount Villa:  8-1-398 / PM / 91, Gate No. 4, Ameena Masjid, Paramount Hills Colony, Towlichoki, Hyderabad – 500008, Telangana

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Part 3:  Abdul Alim - Core Member of Heera Group in Karnataka

Abdul Alim was the Manager and Promoter for entire Karnataka State.  It is believed that he has approximately 15 crores stacked in his bank account as of date.  Almost all investors in Karnataka know him.

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Part 4:  Muneera Shaikh (Sister of Nowhera Shaikh) and her husband Bava John

Nowhera Shaikh have one more sister named Muneera Shaikh.  Muneera Shaikh is the director of a few shell companies of Heera Group:

Muneera Shaikh and Khamar Jahan Shaikh are directors of the following shell companies of Heera Group:

1.  Almas Retail Trading Private Limited - Directors:  Muneera Shaikh and Khamar Jahan Shaikh

2.  Almas Gold Private Limited - Muneera Shaikh and Khamar Jahan Shaikh

3.  Diamond Gold Trading Private Limited

4.  Diamond Gold Manufacturing Private Limited

Muneera Shaikh’s husband’s name is Bava John.  Bava John used to work as a labourer in construction.  His native place is Chittoor, Andhra Pradesh.  After marriage with Muneera Shaikh, Bava John joined In Heera group became the incharge and promoter for Andhra Pradesh and Telangana State.  There are a few properties in the name of Bava John in Andhra Pradesh and Telangana.  Muneera Shaikh and Bava John’s bank accounts would show a lot of funds from Heera Group.

***Bava John in above image***

Muneera Shaikh has four children, two daughter and two sons.  Both of Muneera Shaikh’s sons-in-law were working in Heera Group.  One of Muneera Shaikh’s son-in-law is Moghal Asrar who is a brother of Yasin Baig.  Moghal Asrar was the manager in Heera Group UAE office.  It is believed that Moghal Asrar has a lot of Heera Group money stacked in his bank account, nearly 10 crores, and also has a lot of Heera Group benamis in his name.

Muneera Shaikh’s second son-in-law used to work with the Heera Group Central Office operations.

***Mogal Asrar in above three images***

All properties purchased in the above-mentioned people’s names were done by Nowhera Shaikh.

Property In Andhra Pradesh:

House No: 17-201/2, Kummar Street, Chittoor.  In the name of Bava John.

Property In Telangana:

House No: 8-1-398/PM/177, Paramount Hills Colony, Hakeem Pet, Towlichoki, Hyderabad- 500008.  In the name of Bava John; payment done by Heera Group.

Currently, both Muneera Shaikh and Bava John switch residence between the above-mentioned Andhra and Telangana properties.  Bava John visits Nowhera Shaikh on a weekly basis in Chanchalguda.

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Part 5:  Muneera Shaikh and Bava John are Selling Benami in Their Names:

We got verified information that Muneera Shaikh and Bava John are trying to sell their properties mentioned below:

Property In Andhra Pradesh:

House No: 17-201/2, Kummar Street, Chittoor.  In the name of Bava John.

Property In Telangana:

House No: 8-1-398/PM/177, Paramount Hills Colony, Hakeem Pet, Towlichoki, Hyderabad- 500008.  In the name of Bava John; payment done by Heera Group.

How Heera Group cheated us - Share Holder to Customers

This is a study material compiled to understand the fight between All India Heera Victims Association and Heera Group of Companies in Telangana High Court.

Heera Group claims they have not taken any deposit from any individual.  During the initial years of functioning, Heera Group of Companies issued Share Certificates (2007 to 2012) to depositors, then switched to issuing Membership Certificates (2012 to 2014 August), and then switch to issuing Unit Purchase Certificates (2014 onwards).  These transitions were done to escape the Depositors’ act; a long term plan.

Videos of Share Certificates and Membership Certificates

Video No. 1 is a video recorded by Heera Group of Companies as an advertisement of their new first office opened in Hyderabad quite a couple of years ago.  This video has proof that Heera Group had issued share certificates.  Video No. 2 is a video recorded by a Bhiwandi Investor who had put on display his Membership Certificates when Thane EOW suggested that its submission in court or claim would not yield anything to the claimant.

Video #1 – Share Certificates – Head Corporate Office Hyderabad

https://youtu.be/3z12JJfVcko

Video #1 Explained:  Heera Group opened a new office in Hyderabad.  One of the employees is seen holding a Share Holder Application Form.  Establishes issuance of Share Holding Certificates.  Image #1 below shows original Share Certificates. 

Video #2 – Membership Certificates Video of Investor, Bhiwandi, Thane

https://youtu.be/rLVRyn84J2U

Video #2 Explained:  The Investor holding membership certificate is complaining that Thane EOW is not admitting his complaint because he has been returned his invested money through the monthly profit/benefit from Heera Group.  This investor just recently managed to file his claim in Thane EOW.  Thus establishing issuance of Membership Certificates to Investors.  Image #2 below shows original Membership Certificate.

The Bhiwandi complainant, however, recently managed to register his claim in Thane EOW.  Below two images (Image a and Image b) are proof of his claim registration.

Image a – Bhiwandi Claim Registered

Image b – Bhiwandi Claim Registered

Images – Share Certificates, Membership Certificates, Unit Purchase Receipts

The three images below are proof of the transition attempted by Heera Group of Companies.
1.  Share Certificates - 2007 to 2012
2.  Membership Certificates - 2012 to 2014
3.  Unit Purchase Receipts - 2014 to 2018

Image #1 - 2012 - Share Certificate

Image #2 - 2013 - Membership Certificate

Image #3 - 2015 - Unit Purchase Receipt

Other Images - Membership Certificates
Below are a few more Membership Certificates that we collected from regular investors.  Most of them were not allowed to register their claim in EOW and the reason given was that since there was no business of Heera Group, i.e., Ponzi, then eventually those who have received back equal to more than the investment, need not register their claim as law would not be able to get that their capital back.

Other Images - Membership Certificate 1

Other Images - Membership Certificate 2

Other Images - Membership Certificate 3

Other Images - Membership Certificate 4

Other Images - Membership Certificate 5

Other Images - Membership Certificate 6

What Heera Group has been trying to do - Investors to Customers
When Heera Group issued Share Certificates (2007 to 2012), Share Holders started questioning whether Heera Group were listed with SEBI and whether their shares have an exchange platform where it could be traded.  This was the reason for Heera Group to switch the Investors from Share Holders to Members.  The questions still continued as Members questioned whether they had some extra privilege becoming Members of Heera Group.

The wiser lot either did not invest or withdrew their deposition when they did not get correct answers from Heera Group.  Heera Group realized that as long as these depositors would be Share Holders or Members, the questions would keep on popping up, and so they decided to switch from issuing Membership Certificates to Unit Purchase Certificates, and Nowhera Shaikh tried to change the narrative.  Investors were no longer Share Holders or Members, they became Unit Purchasers.

Video #3 - Advocate Tamanna Says there are no Investors

Nowhera says MPID does not apply
https://youtu.be/_sUfTuoF5r8

Video #3 Explained:  In the below video, Heera Group advocate Tamanna Shaikh says that there are not investors, and Heera Group had only customers with them.  And then Nowhera Shaikh says MPID act does not apply to her case.  This makes it clear that Heera Group of Companies wants to tell the court that they have not taken any investments.  All that they had were Gold Customers.

Video #4 - Nowhera Shaikh says no Investors, only customers
https://youtu.be/KEjIDMlb45U

Video #4 Explained:  Nowhera Shaikh in Video #4 is addressing her staff members, Marketing Executives, and Direct Selling Agents, advising them to address depositors as Customer.

Video #5 - Advocate Tamanna says there are no Investors

Nowhera says MPID does not apply
https://youtu.be/I90ZRgjvNf4

Video #5 Explained:  Heera Group Advocate Tamanna Shaikh is trying to shift the narrative, stating that Heera Group never took deposits from people.  In earlier interviews she had given to News Channels, she had mentioned depositors as "Investors."  Here she says, "Don't call them Investors, there is no investment, they are customers.

In a Ponzi that returns 36% per year, investors/depositors of the last two and a half year are at loss.  Those who have received their capital back, won't come out to complain.  This means that investors who have invested in 2016, 2017, and 2018 have come out to complain.  This also means that all those who have complained are so-called Unit Purchasers.  Which is why we see Nowhera Shaikh saying that Heera Group does not have any investors.  Which is why we see Adv. Tamanna Shaikh saying don't address them as Investors, they are Heera Group customers.  And which is why we also see Nowhera Shaikh saying that MPID act does not apply in her case.

There are no Investors is what Heera Group's fight will eventually come to.  Why isn't they saying this today?  Because if they do, then it will be clear to all Investors (complainants and those waiting in belief that Nowhera will come out and pay) that Heera Group was a fraud, and this will result in more complaints in the form of FIRs and registration of claims as well as hatred for the Heera Group family as a whole.

Of note is that none of the companies that form Heera Group of Companies are listed in Stock Exchange (listed companies need permission from SEBI), they have no permission from RBI for any of the unlisted companies registered by Heera Group, and Telangana High Court order has clearly stated in 11354 of 2018 that Heera Group of Companies had no authority to collect money from public.

Ref Aritcle No. 5 in Criminal Petition No. 11354 of 2018 in the bench of Hon. Justice Shameem Akther.  Link: https://drive.google.com/file/d/1NtC2NPhadiYWQwryRTdOIOuBW2pwqKdV/view?usp=sharing

And Heera Group has given it in written to ROC that they did not collect any deposits from public, and neither did they take in any foreign investment.  Link:  https://m.timesofindia.com/city/hyderabad/heeragold-got-huge-foreign-investment/amp_articleshow/67334102.cms#aoh=15666396218000&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

What's the best shot they (Heera Group) got?  Betray the people.  Say that they have not collected any money from the public.  What purpose does this article of ours serve?  To prove them wrong even before they try to do so.

But wait!  Did they plan it successfully?  No!  Nowhera Shaikh and Ismail Shaikh both have themselves addressed depositors as "Investors" & "Shareholders" when they were issuing Share Holding Certificates!  Three more videos to go.

Video #6 - Ismail Shaikh Addresses Depositors as Shareholder - #1

https://youtu.be/RuvzPa1_dmw

Video #6 - Ismail Shaikh Addresses Depositors as Shareholder - #1

https://youtu.be/VofEFjU4SYc

Video #8 - Nowhera says "Free Silver Coin for Investors."

https://youtu.be/LlMI8-HOdTE

May we be united against this fraud.

Younus A. Sayed
All India Heera Victims Association, Maharashtra

Information on benamis | Heera Group Case

Information for CCS (Hyderabad) in the Heera Group of Companies Case:

Prowess InfoTech is a company that was recently opened by Molly Thomas and property purchased as a Benami.

Name of Business:  Prowess InfoTech

Website:  www.technoprowess.com

Facebook Link:  https://www.facebook.com/technoprowess/

This company does not seem to be registered by MCA as of yet.  There are in total three offices of Prowess InfoTech, and according to the Facebook information available, one of the offices were inaugurated just 20 days before Nowhera Shaikh's arrest.

The lady in the grey sari in the above video is Molly Thomas' mother who was present in the inauguration, and this business was started in the name of Molly Thomas' son.  Please check who Dominic Thomas is.  Dominic Thomas also used to operate the Social Media of Heera Group of Companies before the beginning of Prowess InfoTech.  The three offices of Prowess InfoTech are in Bangalore (leased), Cochin (owned), and Ernakulam (owned)

The below given contact numbers are of the employees of Prowess InfoTech, who also were ex-employees of Heera Group.  However, these shell companies never gave any Offer Letter, Appointment Letter, etc, to its employees.  Please check.

1.  Manu - +91 89210 05996 - Manu is the employee of Biju Thomas and his company, Molly Thomas and her company, Nowhera Shaikh and her Company Heera Group.  Tell me how can one person be the employees of three different companies in three different states?

Manu (in picture above) used to work for Nowhera Shaikh earlier, and now is working for Molly Thomas & Biju Thomas.

2.  Akil – ‎+91 81118 60747

3.  Jessy – +91 81118 60747, +91 91881 31045

4.  Sunil – Molly’ laptop was found in Sunil’s home.  Yet, police is not questioning him or his involvement in the Heera Group case.

5.  Joy Chettan – +91 90721 67487 – This is Molly's brother, also known as Amar Abubacker

They have 4 accounts related to this company Prowess InfoTech and 16 accounts on personal names.  Prowess InfoTech is also present on IndiaMart - https://www.indiamart.com/prowessinfotech/profile.html

It is also known that Nowhera Shaikh, Molly Thomas, and Biju Thomas were frequent flyers to the United Arab Emirates, but we don't even know whether the 240 back accounts identified by CCS and EOWs include these foreign bank accounts or not.  One such bank in which Molly Thomas has an account is Catholic Syrian Bank, UAE.

When we compare the recent IMA case, Karnataka Government has assigned in a Special Investigation Team, several political leaders are being summoned and questioned, the media highlighted the issue extremely well, but with regards to the Heera Group case, it is almost 8 months now, only three arrests and the culprits are not being prosecuted.

A huge amount of black money is said to be stacked with Molly Thomas & Biju Thomas.  We as victims of Heera Group scam expected more people to be arrested in this case, but unfortunately the investigating authorities have written off Nowhera Shaikh as a tough nut to crack and no progress is being made as far as arrests are concerned.  Even in Mumbai, Mumbai EOW has failed to arrest Salim Ansari.  An ex-employee of Heera Group had written to Mumbai EOW JC as well as CP Mumbai offering them more information on the Heera Group case, but he was never summoned.

Can we expect justice?  Do we need CBI to actually get to the root of the Heera Group scam?  People are expecting a lot from you.

Uploaded Facebook Record of Prowess InfoTech - https://youtu.be/ME3UFzhXIyU

Heera Group of Companies - The 2012 to 2014 Story

Heera Group of Companies moved from issuing Share Certificates to Membership Certificates.

Given to the persisting questions that were time and again brought up to the MEs, DSAs, and In-House Staff Members of Heera GoC, in the year 2012, a new change in the internal documentation system of Heera GoC was brought into play.  Now, instead of Share Holder Certificates, Investors were given Membership Certificates along with Membership Cards.  The Membership Card had no real benefit and could also be used for identification purposes in Heera GoC offices.

This switch from Shareholders to Members was to lessen the authority of Investors over the company, an authority that was non-existing in any case.  A shareholder could would assume that he/she could very well ask internal questions to the company; a member was just a member.

Words such as Halal Trade, Interest-Free World, and Female Islamic Scholar in Veil, along with a clean record of payments of dividends got the majority of the Muslim community advocating investments into the company, and so induction of more investment into Heera GoC became easier like never before.

Not many questioned as to why Share Holders became Members.  The 36% returns still played its role in pumping in funds into Heera GoC and at the same time quashing several major questions that had risen up against the company until this point in time.

Heera GoC was about to bring about a new change in the company, an upgrade, going online - August 2014.