Hyderabad: The Telangana High Court on Thursday asked the state government for its stand on a petition seeking a CBI investigation into the money transactions of the Heera group of companies.
The direction was given by a division bench comprising Chief Justice Raghavendra Singh Chauhan and Justice Shameem Akther which was dealing with the plea filed by the Heera Group Victims Association.
The bench inquired about the investigation of the case by the CCS police. State counsel told the court that the investigation team had filed the chargesheet.
The association submitted a special note stating that it had come to light that 240 bank accounts were maintained by the Heera Group having `25 crore, and the 81 attached properties were worth about `250 crore.
The association raised questions about the low value of the property when the Ponzi-like scam was allegedly valued at `50,000 crore. The victims association said this needed to be probed by a specialised investigative agency. The association said it was of the belief that the money was sent out of the country through hawala. The association said only three of the 33 accused in the scam were arrested. Alleging that Heera group head Nowhera Shaik had nexus with Pakistani cleric Tauseef-Ul-Rahman who had been arrested by the Saudi Arabian government for his involvement with the terrorist organisation Islamic State. The association said a CBI investigation could reveal the full picture as the state police had no access to get information outside the country.
