Latest Placement Classifieds,Free Classified Ads,Buy Sell Classified Ads Market SC allows ED to auction ponzi scam co MD’s Rs 200 crore assets

SC allows ED to auction ponzi scam co MD’s Rs 200 crore assets

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The Supreme Court has permitted the Enforcement Directorate to auction two properties owned by Nowhera Shaik, managing director of Heera Gold Exim Private Limited, to compensate investors allegedly defrauded in a Ponzi scheme. Shaik has also been directed to provide details of her unencumbered assets for potential auction.

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