Is Heera Gold a genuine company?
By Daniel Johnston
Heera Group claims to be a gold tradingcompany with business all over the world. In the past fouryears, the lack of any enforcement action by investigation agencieshas allowed it to grow rapidly and diversify into diversebusiness.
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Thereof, will Heera gold investors get their money back?
Vineet Dhanda, counsel for Heera Gold group,said, “Nowhera has shown her intentions to thecourt and also to investors. About 25% of the totalamount invested by individual investor applying forwithdrawal will be returned in the first fourmonths, along with the profit that was to be paidquarterly.
Beside above, is Heera Gold registered with SEBI? The Securities and Exchange Board of India (SEBI)has clarified that activities of Heera Islamic BusinessGroup, better known as Heera Gold, are in the natureof Ponzi or multilevel marketing (MLM) scheme.
Similarly one may ask, what is Heera gold?
As per its website, Heera Group claimed that itwas a company with diversified operations in various sectorsincluding gold importing, gold trading, textiles,jewellery, mineral water, granite, tours and travels, real estateand e-commerce. Heera Mart, the group's shopping mallis located at Kukatpally, Hyderabad.
What is Heera group?
Dr Aalima Nowhera Shaik, chairman of the controversialHeera Islamic Business Group, better known asHeera Gold, has been arrested by Hyderabad Police. HyderabadPolice has identified more than 160 bank accounts of Heeragroup from across India and are seeking more details from thebanks.
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