India, May 23 -- Hyderabad The Enforcement Directorate (ED), Hyderabad zone, on Friday announced the arrest of Nowhera Shaik, founder of the Hyderabad-based Heera Group, in an alleged Rs.3,000 crore investment fraud case from her hideout in Haryana's Gurugram in a joint operation with the Haryana police on Thursday.

In an official statement, the ED said Nowhera Shaik was living in Sector-45 of Gurugram under the fake identity of Shaik Khamar Jahan using forged documents along with her associate Sameer Khan.

"She was arrested on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, and was later produced before the Special PMLA Court in Hyderabad, which remanded her to judicial custody," the statement said...