In the latest development, another case filed against Nowhera's Heera Group by the Chandrayangutta police for duping the company's investor. Syed Husan Shah (70), a resident of Kumarwadi stated that the Heera Group which had paid him monthly returns till 16 months for Rs 30 lakh investment but stopped it from March 2018.
Another case filed against Nowhera's Heera Group
According to the victim, when he had gone to inquire over the monthly returns, the company asked him to wait for a few more days but it was not paid. When he demanded the company if it had permissions from RBI and SEBI, the representatives of the group said that they will not return the investment following which Shah approached police who filed an FIR.