Saturday, February 4th, 2023

Justice SK Kaul warned the Heera Group investors and strictly forbade them to establish contact with him via Whatsapp.

On Wednesday, 30th August, Supreme Court Judge, Justice Sanjay Kishan Kaul sternly cautioned Heera Group investors in the Heera Gold case of dire consequences if they do not refrain from establishing communication with him through WhatsApp messages. Justice Kaul asked the Counsel appearing for the investors to pass on the warning.  He asked the Counsel to communicate with investors, he will take a serious step. His mobile is not meant for WhatsApp messages. He will just send the proceedings off. He mentioned this earlier but did not take action. He strictly asked to stop these things, otherwise, he would recuse himself. Previously, on 09.02.2022, while hearing the appeal filed by Investigating Agencies against Heera Gold Exim Pvt. Ltd. and its Managing Director, Nowhera Shaik, Justice Sanjay Kishan Kaul had expressed his concern that he was being contacted by the investors seeking justice.  

The Heera group has provided papers regarding assets worth Rs 900 crore to SFIO and the Income Tax valuation department to meet the demand to refund investors’ money. 

Dr. Nowhera Shaik, the Managing Director and CEO of the company was granted interim bail by the Hon’ble Court on the condition that she would settle the claims of the investors. The interim bail was extended from time to time and on 05.08.2021 it was made absolute. Dr. Nowhera Shaik has always proved to be a prudent and law-abiding citizen of India, she has time and again cooperated with every agency indulge in this matter. However, the Hon’ble Court has also expressed its belief in the CEO Dr. Nowhera Shaik, and granted regular bail. In May 2022, when SFIO had approached the Apex Court seeking cancellation of her bail, the Supreme Court dismissed SFIOs plea. This was the incident that once again proved that Hon’ble SC has absolute belief in Dr. Nowhera Shaik. The Heera group has provided papers regarding assets worth Rs 900 crore to SFIO and the Income Tax valuation department to meet the demand to refund investors’ money. The move to offer prime properties is to keep up the trust of investors. All genuine investors are part of the Heera group family and will remain part of its historic business journey.  

The investigation agencies had frozen more than 240 bank accounts of Heera Group of companies.  

And if we talk about Heera Group data no one is concerned, Dr. Nowhera Shaik has time and again asked for her date but she always got hope. Heera Group of companies has not received data from the Central Crime Station (CCS) police, Hyderabad. It has been three years since the Supreme court of India directed them to hand over the data but Heera Group has still not got any response from them. The investigation agencies had frozen more than 240 bank accounts of Heera Group of companies. The Top Court passed an order to unfreeze all the Heera Group accounts and directed to give them proper access but Heera Group bank accounts are still frozen.  The CCS Hyderabad seized all the Heera Group company’s essential documents, which include more than 40,000 designs of jewellery and textiles. Heera Group has lost the data of buyers and sellers in which they had records of customers. The company requested the senior officials of CCS to take immediate action but no response from them as well.  

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