Will refund investors in 16 months, Nowhera Shaik tells court; accuses Owaisi of grudge

Agencies
December 3, 2018

Hyderabad, Dec 3: Nowhera Shaik, managing director of Heera Gold, who was recently arrested in an alleged cheating case, has filed a sworn affidavit before the Metropolitan Sessions Judge, stating her company will return the deposits to investors in four installments in 16 months.

The affidavit, filed late on Saturday, said that Heera Gold group, established 15 years ago, has been giving dividends to investors regularly, and has no intention of cheating them. Vineet Dhanda, counsel for Heera Gold group, said, “Nowhera has shown her intentions to the court and also to investors. Everyone was calling her a cheat, but a cheater won’t file a sworn affidavit in the court.”

In the affidavit, Shaikh said the investors who want to withdraw their money can apply using withdrawal forms of the company, which is in the business of gold jewellery in India and in other countries.

About 25% of the total amount invested by individual investor applying for withdrawal will be returned in the first four months, along with the profit that was to be paid quarterly. She said 25% of the total amount will be released every four months.

Further, the Heera Gold MD affirmed in the affidavit that the accounts of investors in the company will be settled within a period of four months from the date of her release on regular bail, and from the date the company’s accounts are de-freezed.

Nowhera said that during the raid at Heera Gold’s office at Banjara Hills, the Central Crime Station (CCS) police had damaged all the software and computers, resulting which the investors’ list was lost. But the company will continue to pay to those investors who come to their office and file withdrawal forms.

The Heera Gold MD, in her affidavit, alleged that Majlis-e-Ithehadul-Muslimeen member of Parliament, Asaduddin Owaisi, hold as grudge against her, and is defaming her, which resulted in a cheating case against her in 2012 at CCS. She told the court that she has floated a political outfit, Mahila Empowerment Party, and has contested elections in Karnataka, and since then has been a victim of political vendetta.

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News Network
December 2,2025

Mangaluru, Dec 2: Mangaluru International Airport responded to a medical emergency late on Monday night. Air India Express flight IX 522, travelling from Riyadh to Thiruvananthapuram, was diverted to Mangaluru Airport after a passenger in his late 30s experienced a medical emergency on board.

The Airport’s Operations Control Centre received an alert regarding the passenger’s health condition. The airport activated its emergency response protocol, mobilising the airport medical team and coordinating with stakeholders including CISF, immigration, and customs. 

Upon landing, airport medical personnel attended to the passenger, assessed his condition, and arranged to shift him to a local tertiary-care hospital for further treatment. The passenger’s relatives accompanied the passenger, who incidentally received necessary medical care on board, which helped stabilise the situation.

Following the handling of the emergency, the flight departed for Thiruvananthapuram at 2:05 am on Tuesday.

"We appreciate the cooperation of all parties involved, and this incident reaffirms our ongoing commitment to prioritising passenger safety and readiness to respond to unforeseen emergencies with professionalism and care," the Airport spokesperson said. 

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News Network
December 3,2025

arrival.jpg

Mangaluru, Dec 3: A group of Congress workers gathered at the Mangaluru International Airport on Wednesday to welcome AICC general secretary K C Venugopal, but the reception quickly turned into a display of support for Deputy Chief Minister D K Shivakumar.

Venugopal arrived in the city to participate in the centenary commemoration of the historic dialogue between Mahatma Gandhi and Narayana Guru. The event, organised by the Sivagiri Mutt, Varkala, in association with the Mangalore University Sri Narayana Guru Study Chair, is being held on the university’s Konaje campus.

KPCC general secretary Mithun Rai and several party workers had assembled at the airport to receive Venugopal. However, the moment he stepped out, workers began raising slogans backing Shivakumar.

The university programme will be inaugurated by Chief Minister Siddaramaiah.

This show of support comes just a day after Siddaramaiah remarked that Shivakumar would lead the government “when the high command decides.” The chief minister made the comment after a breakfast meeting at Shivakumar’s residence—another public display of camaraderie between the two leaders amid ongoing attempts by the party high command to downplay their leadership rivalry.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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