ED Arrests Heera Group Chief Nowhera Shaik In ₹3,000 Crore Investment Fraud Case

Key points

• ED Arrests Heera Group Chief Nowhera Shaik In ₹3,000 Crore Investment Fraud Case Reported By, Last Updated: May 21, 2026, 23:20 IST Shaik and her associates collected over ₹3,000 crore from investors by promising annual returns of nearly 36 per cent.
• Rapid Read The Heera Group chief was arrested from Gurugram after allegedly remaining absconding despite the Supreme Court cancelling her bail and directing her to surrender.
• (IMAGE: SOURCED) The Directorate of Enforcement (ED) has arrested Heera Group chief Nowhera Shaik from Gurugram in connection with an alleged ₹3000 crore investment fraud case involving nearly 1.72 lakh investors across the country.
• According to the agency, Shaik had been absconding and was allegedly using fake identities and forged documents to evade arrest.
• She was taken into custody on May 21 following a joint operation carried out by the ED and Haryana Police in Gurugram.