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Nauhera Shaikh, the mastermind of one of the country’s biggest Ponzi scams and the main architect of ‘Heera Group of Companies’, has finally been put behind the bars. The Enforcement Directorate (ED) and Haryana Police have arrested Nauhera Shaikh from Gurugram in a highly secret and joint operation. Nauhera, who had defrauded millions of innocent Muslim investors across the country in the name of Sharia law and defrauded millions of innocent Muslim investors across the country, was absconding for the last one month and the investigating agencies were actively searching for her.
Ferrari was plying in Gurugram with the help of fake name and fake identity card
Nowhera Shaikh had adopted a very clever method to dodge the investigating agencies. Nauhera, who was running away from the courts and police, was hiding her real identity in Sector-45 of Gurugram, adjacent to Delhi. To avoid legal action and arrest, he had also got a fake identity card prepared, in which he had changed his name to ‘Sheikh Khamar Jahan’. However, this trick of hers did not work for long and she ended up in the clutches of the law.
This is how a web of fraud worth billions of rupees was woven under the guise of Sharia law.
If we understand the method of this entire scam, Nowhera made the religious faith of the people a weapon of his fraud. According to Sharia law, earning interest (riba) or giving interest to someone is considered completely haraam. Due to this religious belief, many people of the Muslim community shy away from depositing their hard-earned money in mainstream banks. Nowhera Shaikh took advantage of this and prepared a Ponzi scheme in a very diplomatic manner.
He set up several companies in the name of ‘Heera Group’ and especially targeted people of the Muslim community. He publicized among the people that his company does business completely following the rules of Sharia and those who invest in it will be given a bumper profit of 36 percent annually. In the beginning, to win the trust of the people, he also returned huge profits to some investors, falling into the trap of which the scam gradually became bigger.
Hard earned money of more than 1.72 lakh innocent investors lost
The figures revealed in the investigation by the Enforcement Directorate (ED) are extremely shocking. Nowhera Shaikh and her associates had collected a huge amount of more than Rs 5,978 crore (approximately Rs 6,000 crore) from innocent people across the country by luring them into the trap of this tempting offer. But when the time came to return their profits and principal amount to the investors, the company gave up. In this mega scam, Rs 3000 crore of more than 1.72 lakh investors were completely lost.
Nowhera was missing after the Supreme Court rejected her bail plea and issued strict orders to surrender. During this time, he also tried unsuccessfully to mislead the courts and gave an affidavit claiming that he had tried to surrender before the Hyderabad Police, but the police had refused to take him into custody.
12 luxury cars found in raid and fake PMO officer exposed
As the ED investigation progressed, many secrets of Nowhera Shaikh’s luxurious and lavish life came to light. In the year 2024, when the investigating agency conducted intensive raids at different locations in Nowhera, 12 gleaming luxury cars like BMW and Mercedes Benz and about Rs 92 lakh in cash were recovered from there.
The morale of this gang was so high that to stop the investigation, a special associate of Nowhera had directly declared himself a senior official of the Prime Minister’s Office (PMO) and gave his fake name as ‘Kalyan Banerjee’. Due to the promptness of the police, this fake officer has been arrested in January this year (2026).
Property worth Rs 400 crore seized, now victims will get money through auction
After the tough stance of the Honorable Supreme Court, ED has so far attached properties worth Rs 400 crore of Nowhera Shaikh and her close relatives. The court has given a big order to auction all these properties and start the process of returning the lost money to the victims with the money received from it.
However, to stop this action, the accused Nowhera and her lawyers tried their best to stall the auction process by filing several fake affidavits, but after this latest and major arrest from Gurugram, now the illegal empire of ‘Lady Natwarlal’ seems to be coming to an end.
