Hyderabad, Oct. 14 -- The Enforcement Directorate (ED) has registered seven auctioned properties worth Rs 15.03 crore in the names of successful bidders in the Heera Group Ponzi scheme case. In the case, Nowhera Shaik and her associates allegedly collected more than Rs 5,978 crore from investors by promising returns of over 36 per cent a year.

The properties include six flats at HS Royal in Shaikpet village and a house at MLA Colony on Road No 12, Banjara Hills, the agency said.

The auction was held on the directions of the Supreme Court. On March 5, 2025, the apex court allowed the ED's plea to auction immovable properties attached in the case, so that as much as possible could be recovered and returned to genuine claimants.

On July 2...