Supreme Court orders auction of Heera Gold MD Nowhera Shaikh’s properties to repay defrauded investors
The Supreme Court has ordered the auction of two properties belonging to Nowhera Shaikh. Shaikh is the Managing Director of Heera Gold Exim Private Limited. The company is accused of defrauding investors. The court wants to use the proceeds of the auction to compensate the victims. Shaikh was previously granted bail but failed to meet the conditions.