Hyderabad: Nampally Court Hyderabad late in the evening Wednesday granted bail to Heera Gold Managing Director and Founder President of All India Mahila Empowerment Party (AIMEP) Nowhera Shaikh. Nowhera Shaikh was arrested on October 15 in New Delhi and brought to Hyderabad the next day.
Nampally court in Hyderabad granted bail to Nowhera Shaikh on the surety of five crore rupees. It is claimed that Nowhera Shaikh's lawyers had themselves offered the surety of five crore rupees to prove that Heera Gold is stable and that the investors' money is safe..
The court while granting bail to Nowhera Shaikh placed travel restrictions and set her cooperation with the Central Crime Station (CCS) Hyderabad as one of her bail conditions.
“The Nampally Court granted conditional bail o Nowhera Shaikh. She has been asked to deposit Rs. 5 crore before October 29 and was released after giving a surety of Rs 5 lakh to the court. She has been asked to surrender her passport and not leave the country without court approval", Ram Kumar, Assistant Commissioner of Police with CCS, said.
Earlier there was tension for sometime outside the Chief Metropolitan Magistrate courts at Nampally today when some of the depositors (victims) of the Heera Group of companies stopped the car of a lawyer, who reached there to represent Nowhera Shaik, the director of the company.
Nowhera Shaikh's lawyer had on Monday said her arrest is a conspiracy hatched by her rivals to stop her from fielding candidates for the upcoming assembly elections in Telagana.
"The arrest of my client is based on political vendetta. It is a conspiracy hatched against her to prevent her from participating in the upcoming Telangana Assembly elections", Defence lawyer said during the hearing in the case Monday.
He further told the court that majority of investors still have faith in Heera Gold Group.
"As the result of the false propaganda spread by her rivals, their rights could get affected", he said adding that the so called panic among the depositors is the result of the false propaganda by AIMIM President Asaduddin Owaisi.
The allegations against Owaisi has some ground as Shahbaz Khan, the key person who has been mobilising support against Nowhera Shaikh since last more tha two years, is said to be closely associated with Majlis e Ittehadul Muslimeen or MIM. In video posts shared on social media, Shahbaz Khan makes it sure that the images of Asaduddin Owaisi and his father Sultan Salahuddin Owaisi is prominently visible in the background.
The court was hearing the plea filed by Central Crime Station (CCS) Hyderabad seeking police custody of Nowhera Shaikh. The CCS Hyderabad wants Nowhera Shaikh's custody for further interrogations in the case. On the other hand, the defence lawyers also submitted Nowehra Shaikh's bail application.The court reserved its verdict till Tuesday October, 24, 2018.
Nowhera Shaikh was arrested from New Delhi on October 15 - just two days after she announced that the All India Mahila Empowerment Party (AIMEP) she founded ahead of Karnataka Assembly elections 2018 will field candidates on all 119 seats.
Political observers are of the view since Nowhera Shaikh and Asaduddin Owaisi of MIM both depend on Muslim votes, and the ruling TRS too has a good support aming Muslims, Nowhera Shaikh's decision to contest Telangana state elections was a shocker for them.
Nowhera Shaikh had fielded candidates on all 224 seats of Karnataka. Though she did not win a single seat her high profile election campaign had caught the eyes of voters and also the media.
Meanwhile, cases have also been registered against Nowhera Shaikh in other places of the country. Some advocates have also come out in the support of Heera Gold depositors and are appealing them to file FIR against Nowhera Shaikh in their areas.
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