Investors demand action on Nowhera Shaikh’s supporters

News Network
November 15, 2019

Hyderabad, Nov 15: Investors of the Heera Group want to see certain Ulema and religious scholars behind bars as they believe it's they who are more or less responsible for the losses investors have suffered.

Many investors had invested their money in the company at the instance of these religious people who not only defended the company’s owner Nowhera Shaikh, but guaranteed that their investment was in secure hands.

Investors are dissatisfied with the pace and progress of investigation into the Heera Group. They are also not happy that of the 30 people named as accused, only four have been arrested — Nowhera Shaik, Biju Thomas, Molly Thomas and Aziza Juwale.

Several ulema and religious leaders were associated with Nowhera Shaikh and her companies and they influenced and misguided thousands of believers to invest in the group. The most prominent among Ms Shaikh’s supporters are Moulana Jalaluddin Qasmi, Moulana Meraj Rabbani, Moulana Arshad Basheer Madani, Dr Shehnaz Shaikh, Mohammed Aqeel from Jeddah and Moulana Tauseef-ur-Rahman of Pakistan.

They participated in promotional events of the group and spoke in favour of Ms Shaikh. They took the responsibility to ensure that the investment of the people will be secure in the hands of Ms Shaikh. They also assured people that this was a halal scheme and thus permissible in Shariah law, since, generally, charging interest is prohibited in Islam.

They profited from supporting and promoting Ms Shaik and her company publicly. She generously provided financial assistance for their academic projects and book publishing. These Ulema are now keeping mum over the bankruptcy.

Mr Younus Sayyad, an investor from Mumbai, said that the Ulema misguided their followers. People who were votaries of these religious scholars believed in their testimony and blindly invested in the company. "Many of us thought that she was a religious person and will never dupe us. We realised later that these religious personalities had supported her as they got huge money in return," Mr Sayyad said.

He alleged that Nowhera Shaikh had provided legal support to Meraj Rabbani when he was arrested by the Maharashtra police in a blasphemy case. She also financially assisted Moulana Jalaluddin Qasmi to publish his literary works and Mou-lana Arshad Basheer Madani to establish a school in Saidabad.

Mr Mohammed Ghou-seuddin Muneer, a resident of Aliabad, said not only religious scholars, but celebrities and politicians had played a key role in promoting Nowhera Shaik. He said some investors had called on the Home Minister Mohammed Mahmood Ali and requested him to refer the matter to the CBI. He said investigative agencies must grill these celebrities to find out what role they played in promoting the ponzi scheme. Such schemes promise high returns to investors but do not have legitimate business backing and are soon unable to pay back investors the sums promised.

Mr Shahbaz Ahmed Khan of the All India Heera and IMA Victims Association said recently that he had written a detailed letter to President Ram Nath Kovind elaborating the role of each and every person involved in promoting Nowhera Shaik. He said the Central Crime Station, Hyderabad, had submitted that it had seized a hard disk that contains company data, analysis of which revealed a list of 1,72,000 investors and a total investment of around Rs 5,600 crore.

“We believe that the seized data is incomplete and the number of investors and volume of invested money is many times more as many NRIs and even other nationals had invested in it,” Mr Khan said.

He claimed that Nowhera Shaikh had purchased many properties in the name of her relatives and associates with the money of investors. The properties of those who were actively involved in promoting the Heera Group should be attached, Mr Khan said.

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News Network
March 27,2024

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At least seven people have been killed when Israeli warplanes bombed an emergency center in southern Lebanon near the border with the 1948 Israeli-occupied territories with air-to-surface missiles, according to Lebanese security sources.

Two sources, speaking on condition of anonymity said early on Wednesday that the strike targeted the Islamic Group’s emergency and relief center in Lebanon’s southern village of Habbariyeh.

Jamaa Islamiya, a Lebanese group closely linked to the Gaza-based Palestinian resistance movement Hamas, said in a statement that “a number” of people had been killed, and called the strike a “heinous crime.”

An official from the group said “seven rescuers” were killed in the aerial assault.

Another Jamaa Islamiya official, also requesting anonymity, said a dozen medical staff were in the emergency center at the time of the strike, adding that bodies were being pulled from the rubble.

Lebanese lawmaker Hassan Mrad said “the Israeli aggression on Habbariyeh adds to the long list of Israeli crimes.”

Israel has been launching air strikes against Lebanon since the beginning of its onslaught against the Gaza Strip in early October.

An Israeli strike knocked down part of a building in the southern Lebanese city of Nabatiyeh on February 14, killing seven members of the same family, including a child, Lebanon’s official National News Agency said. A boy initially reported missing was found alive under the rubble.

In a separate Israeli attack, a woman and her two children were killed in the village of as-Sawana in southern Lebanon.

The Israeli regime launched its devastating hostilities in the Gaza Strip on October 7 after the territory’s Hamas-led Palestinian resistance groups carried out a surprise retaliatory attack, dubbed Operation Al-Aqsa Storm, against the occupying entity.

Israel's raids have resulted in retaliatory strikes from Hezbollah in support of the Palestinian people in the Gaza Strip.

The movement has vowed to keep up its retaliatory operations as long as the Tel Aviv regime continues its onslaught on Gaza.

The Israeli campaign in Gaza has killed at least 32,414 people, most of them women and children. Another 74,787 individuals have also been wounded.

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News Network
March 19,2024

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Bengaluru, Mar 19: Former Karnataka Chief Minister Basavaraj Bommai on Monday said that the Congress will split in three months after the upcoming Lok Sabha polls and its impact will be visible on the Siddaramaiah-led state government.

"Due to internal squabbles, the state government will not last long," the BJP leader said.

Talking to reporters on Monday, he said the sitting MP from the Gadag-Haveri constituency, Shivakumar Udasi, has done a lot of development work and implemented the Central government's schemes effectively.

"Prime Minister Narendra Modi will surely become the PM for the third time. The overall response has been good in the Gadag-Haveri Lok Sabha constituency," the former Karnataka chief minister said.

Asked if he was contesting the election in a half-hearted manner in the Gadag-Haveri seat, Bommai said "such a question does not arise when the party's high command gives instructions".

He said he would respect his opponent and not take anyone lightly. 

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News Network
March 28,2024

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Mangaluru, Mar 28: A fish meal factory in the Baikampady Industrial area in Mangaluru was gutted in a fire incident on Thursday, officials said.

The factory is owned by the company 'Shihar Enterprises', they said.

According to the locals, the fire was first noticed at 4.45 am today, which was immediately reported to the fire department.

The fire engines reached the spot and tried to douse the fire, but it had already spread to other parts of the factory. After almost four hours of fire-fighting operation, the blaze was completely doused, officials.

The reason for the blaze is still being probed, the fire department officials said, adding that they suspect an electric short circuit could have triggered it.

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