Archive · 22 Nov 2025
ED Auctions Rs 19.6 Crore Property in Nowhera Shaik Case
The Enforcement Directorate (ED) sold a big house that belonged to a person named Nowhera Shaik.
She was involved in a big scam where she promised people high returns on their investments but didn't give them their money back.
The house was sold for Rs 19.64 crore, and this money will be given to the people who lost their money in the scam.
The ED has sold other properties of Nowhera Shaik before, and they will sell more in the future to give money back to the people who were cheated.
ED auctioned an immovable property of Nowhera Shaik for Rs 19.64 crore
Property was part of Rs 6,000-crore investment scam by Heera Group
Sale proceeds will be used to compensate victims
ED has attached Rs 428-crore worth of properties in the case so far
Other attached properties will be auctioned in the future
- Who
- Nowhera Shaik, Enforcement Directorate (ED)
- What
- Auctioned property
- When
- Recently
- Where
- Hyderabad
- Why
- To recover money for scam victims
- Scam Amount
- Nearly Rs 6,000 crore
- Promised Return
- 36 per cent annually
- Property Attached
- Rs 428 crore
- Sale Proceeds So Far
- Rs 25 crore
- Expected Proceeds from Other Bidders
- Rs 68.63 crore