Hyderabad Ponzi case: Enforcement Directorate arrests Nowhera Shaik

Key points

• “The Enforcement Directorate (ED) has arrested Nowhera Shaik, prime accused in the Heera Group linked alleged investment fraud case of Hyderabad, from Gurugram,” officials said on Friday (May 22, 2026).
• Shaik was arrested on Thursday (May 21, 2026) in a joint operation conducted by the ED and the Haryana Police.
• The officials said she was living in the city under a "fake identity using forged documents." The woman was taken to Hyderabad on Friday (May 22, 2026) and produced before a special Prevention of Money Laundering Act (PMLA) court.
• They said Ms. Shaik was "evading" investigation in the case since her bail was cancelled by the Supreme Court recently.
• A special PMLA court in Hyderabad issued a non-bailable warrant against her on May 7 but she was not traceable at her Hyderabad address.