SC asks Heera Gold MD to surrender in Rs.10,000 crore scam
New Delhi, April 9 -- The Supreme Court on Wednesday directed a woman accused of duping thousands of investors in a gold ponzi scheme to surrender within a week and cooperate with the Enforcement Directorate (ED), which had attached her assets and complained of non-cooperation in executing sale deeds.
A bench of Justices J.B. Pardiwala and K.V. Viswanathan ordered Nowhera Shaik, managing director of Heera Gold Exim Pvt Ltd, to surrender within a week, observing: "This is a case of large-scale fraud where thousands of investors have been duped of over Rs.10,000 crore. We are left with no option but to direct her to surrender within one week, failing which non-bailable warrants shall be executed."
The court had granted Shaik bail in January 2...
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