Hyderabad, Dec 3: Nowhera Shaik, managing director of Heera Gold, who was recently arrested in an alleged cheating case, has filed a sworn affidavit before the Metropolitan Sessions Judge, stating her company will return the deposits to investors in four installments in 16 months.
The affidavit, filed late on Saturday, said that Heera Gold group, established 15 years ago, has been giving dividends to investors regularly, and has no intention of cheating them. Vineet Dhanda, counsel for Heera Gold group, said, “Nowhera has shown her intentions to the court and also to investors. Everyone was calling her a cheat, but a cheater won’t file a sworn affidavit in the court.”
In the affidavit, Shaikh said the investors who want to withdraw their money can apply using withdrawal forms of the company, which is in the business of gold jewellery in India and in other countries.
About 25% of the total amount invested by individual investor applying for withdrawal will be returned in the first four months, along with the profit that was to be paid quarterly. She said 25% of the total amount will be released every four months.
Further, the Heera Gold MD affirmed in the affidavit that the accounts of investors in the company will be settled within a period of four months from the date of her release on regular bail, and from the date the company’s accounts are de-freezed.
Nowhera said that during the raid at Heera Gold’s office at Banjara Hills, the Central Crime Station (CCS) police had damaged all the software and computers, resulting which the investors’ list was lost. But the company will continue to pay to those investors who come to their office and file withdrawal forms.
The Heera Gold MD, in her affidavit, alleged that Majlis-e-Ithehadul-Muslimeen member of Parliament, Asaduddin Owaisi, hold as grudge against her, and is defaming her, which resulted in a cheating case against her in 2012 at CCS. She told the court that she has floated a political outfit, Mahila Empowerment Party, and has contested elections in Karnataka, and since then has been a victim of political vendetta.
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