Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

Ponzi scam: ED arrests 3

Updated At : 12:20 PM May 16, 2019 IST

New Delhi, May 15

Three persons, including two women, have been arrested by the Enforcement Directorate (ED) in connection with an alleged multi-crore ponzi scheme and investment fraud that duped many investors in Telangana, the agency said.

It said Nowhera Shaikh, Molly Thomas and Biju Thomas were arrested under provision of the Prevention of Money Laundering Act (PMLA) yesterday in the case related to the Heera group of companies. They have been remanded in seven-day ED custody by a special court in Hyderabad. — PTI

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

Ponzi scam: ED arrests 3

Unlock Exclusive Insights with The Tribune Premium