Kozhikode: Police took action against Nowhera Shaikh’s Heera Gold Exim after receiving complaints against the company.
According to the report published in DC, 20 bank accounts of Heera Gold Exim were frozen based on 17 complaints received by Anamangad Police.
It may be mentioned that this latest development took place on Friday after Nowhera Shaikh released a video to threatened investors who are planning to approach the police.
It is also reported that as the complaints were lodged for frauds worth 20 crore, investigation will be done by Economic Offences Wing of the Crime Branch.
It may be noted that if the fraud is more than 2 crore, local police cannot investigate the case.
After the police action against Heera Gold Exim, more investor might file cases against the company.