Hyderabad, May 22 -- The Enforcement Directorate (ED) on Thursday, May 21, arrested Heera Group chief Nowhera Shaik from Gurugram in connection with an alleged Rs 3,000 crore investment fraud involving around 1.72 lakh investors, the same day the Telangana High Court refused to set aside the non-bailable warrant against her.

Shaik, who had been absconding and allegedly using fake identities and forged documents to evade arrest, was picked up in a joint operation by the ED and Haryana Police. She has since been brought to Hyderabad.

About the case

The ED investigation stems from first information reports (FIR) registered by the Telangana and Andhra Pradesh Police. The agency alleged that Shaik and her associates collected over Rs 3,000 ...