Chittoor: District Court here on Friday extended the judicial remand of Nowhera Shaikh, who was arrested on charges of duping investors, to January 25.
The CID police presented her today in the District Court after her remanded period ended. District Judge Ravindra Babu extended the remand further and sent her to judicial custody till January 25.
Shaikh belongs to Kotapalli village in Pulicherla mandal in Chittoor district. It is alleged that Nowhera Shaik through gold schemes and also multi-level marketing was able to collect more than Rs 8,000 crore from lakhs of depositors in many districts including her native Chittoor district.
Following complaints from investors who lodged complaint in many police stations after they failed to get their deposits back after the term was over, leading to the CID taking up the case. She was arrested and produced in Chittoor Court on January 3 and was sent to judicial custody till January 11.