Nowhera Shaik Granted Bail in Heera Gold Scam by Supreme Court

Hyderabad: The Supreme Court of India on Tuesday granted interim bail to Nowhera Shaik in Heera Gold scam. The supreme court gave Nowhera Shaik I six weeks’ time to return the money of the investors who have registered complaints against her and Heera Gold.

Supreme court while granting bail said that Nowhera Shaik will be sent back to jail if she fails to show her Bonafede’s to settle investors’ claims in six weeks.

Rs. 5600 crores were collected from 1.72 lakh investors for a gold Ponzi scheme be Heera Gold.

She was arrested in October 2018, after many investors lodged complaints against her.

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