Hyderabad: The Enforcement Directorate ’s Hyderabad zonal office has completed registration of seven attached properties auctioned for approximately ₹15.03 crore in the Nowhera Shaik–Heera Group case, with the proceeds earmarked for restitution to genuine victims and claimants through the Serious Fraud Investigation Office (SFIO).
Auction cleared by Supreme Court The auction followed a March 5, 2025 order by the Supreme Court allowing ED’s application to sell attached immovable properties to maximise realisation for restitution to victims. On July 27, 2026, the court directed the Telangana high court’s registrar general to depute T Venkateshwar Rao, registrar (protocol), to execute the sale deeds on behalf of the petitioner-accused. ED initiated its investigation under the Prevention of Money Laundering Act (PMLA), 2002, against Nowhera Shaik, Heera Group of Companies and others based on multiple FIRs registered by police in different states. It issued five provisional attachment orders covering properties valued at ₹428.83 crore and filed a prosecution complaint and supplementary prosecution complaint before Hyderabad’s special PMLA court. Acting on intelligence inputs, ED traced and apprehended her in Gurugram on May 21 in a joint operation with Haryana Police and arrested her under the warrant.
ED said it would continue monetising the remaining attached properties for restitution. The seven registrations were completed accordingly. The auction proceeds will be transferred to SFIO for disbursement to genuine victims and claimants in accordance with the Supreme Court’s directions. ED alleged that part of the proceeds of crime was used to acquire movable and immovable properties in the names of Shaik, Heera Group entities, her relatives and associates. Further investigation is underway.
She was brought to Hyderabad, produced before the special PMLA judge and remanded to judicial custody, where she remains.