HYDERABAD: A complaint has been lodged to police authorities (DGP Telangana ) in Hyderabad against the famous Heera Gold group of Companies and Chairperson , MD of the group Smt . Nouheera Shaikh which has fuelled further to the curiosity and controversy doing rounds after the group MD formed a political party which contested recent Karnataka assembly elections.
According to reports, Mr. Shahzaz Ahmed Khan , a resident of Masab Tank ,Hyderabad lodged a written complaint to the state DGP in which he requested that an inquiry must be ordered into the claims of Heera Group of Companies so that innocent investors who have invested more than Rs . 10000 Crores in the company can be saved from any cheating or fraud which he apprehended , can be played against them .
It is said that Heera Group has it’s headquarter at Kukatpally , Banjara Hills , Hyderabad .Mr. Shahbaz Ahmed Khan wrote to the DGP that MD of the company Smt. Nauheera Shaikh through its websites and social media publicized the activities of her company and thus invited finance from citizens not only in Hyderabad , Mumbai , and other places of India but also people from abroad.The company is claiming that it is into the business of Gold and other material , products at Bombay , Dubai , Hyderabad , Africa etc. but no exact details of locations of such businesses has been provided .
The complainant alleged that all the claims of businesses being done are the castles in air and there is likelihood that more than one lakh investors can lose their investments if care and caution is not taken by law agencies .The complainant also reminded that earlier , many companies after gaining the confidence of investors have cheated lakhs of investors , therefore it is better for the safety and security of more than one lakh investors and investments , if the state police initiates inquiry into the matter of Heera Gold Group of Companies .
On the other hand some investors and supporters of the group are condemning the critics of Heera Group .”These so called critics are not the investors of the company .There are thousands of families which are dependent on the monthly profits distributed by the company every month for the past 12- 15 years .The company rose at a rapid pace and still growing .The majority of investors have faith in the company ,” an investor said in social media .