Hyderabad, Nov 21, 2025

The Directorate of Enforcement (ED), Hyderabad Zonal Office, has successfully auctioned for Rs 19.64 crore an attached immovable property of the accused Nowhera Shaik (Heera Group of companies), accused in a case of duping investors of over Rs 5,978 crore, an official said on Friday

The attached property’s auction and its registration in the name of the buyer were completed before the Sub-Registrar’s office on Friday, the official said in a statement.

The property was attached by ED through a provisional attachment order dated August 16, 2019.

The sale proceeds collected by the ED from the auction of attached properties shall be used for restoration/restitution to the victims/investors of the fraud committed by Nowhera Shaik, Heera Group of companies and others.

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