Dr Nowhera Shaik
|President of All India Mahila Empowerment Party|
|Assumed office |
12 November 2017
Dr Aalima Nowhera Shaikh
21 September 1973
|Parents||Shaikh Naane Saheb|
Nowhera Shaik is an Indian politician who is the current national president of the All India Mahila Empowerment Party. She is the founder of Heera Group. In 2018, she was arrested and accused of running a ponzi scheme under the disguise of Heera group amounting to ₹5000 crore; under the pretext of halal investment. The case as of 2020 is under investigation.
As per its website, Heera Group claimed that it was a company with diversified operations in various sectors including gold importing, gold trading, textiles, jewellery, mineral water, granite, tours and travels, real estate and e-commerce. Heera Mart, the group's shopping mall is located at Kukatpally, Hyderabad. Textile MD is yaseen baig and Gold MD is ismail shaik.ismail shaik is brother of nowheera shaik and yaseen baig is brother in law of nowheera shaik. Mubasheer is manager of heera textiles.usman gani is gold manager and abdullah and khaja hussain ( vayalpad) is maintanance for trading and investment.
Its flagship gold investment scheme asked investors, mostly lower and middle-class people, to invest Rs. 1 lakh. In return, as per the policy document, these investors received Rs. 3,000-3,400 per month, an ROI of 36% per annum. In 2018, investors began to have doubts in the company when it announced that it would instead pay its investors every 3 months. The company portrayed itself as "Islamic", halal and often used religious sentiment to lure customers. This led to complaints from investors and a SEBI investigation. Earlier, in August 2012, police charges had been filed on it by Asaduddin Owaisi for cheating a number of small local investors from his constituency Hyderabad. The company imported large quantities of gold into India from Dubai and sold it in the local market. The company operated as a family concern, with Nowhera Shaikh, her husband Mohammed Sanaullah Qureshi (Salman) and their family members.
According to Asaduddin Owaisi and his party members the above scam is now being called as "Nowhera Scheme" similar to that of Ponzi Scheme. Here the only difference is that Nowhera Scheme lured Muslims in the name of Halal Investment. The Said Nowhera Scheme is said to have cheated Muslims to the tune of Rs.5000/- Crore.
On 16 November 2017, Nowhera founded the All India Mahila Empowerment Party. The party contested the 2018 Karnataka Legislative Assembly election and fielded candidates for all 224 constituencies garnering 0.3% vote share. The party contested from all the 119 constitutencies in the 2018 Telangana Legislative Assembly election and aims to contest in the 2019 Indian general election.