The Enforcement Directorate (ED) arrests Heera Group chief Nowhera Shaik in connection with an alleged investment fraud case involving claims of around ₹3,000 crore collected from investors. According to reports, the ED alleges that Shaik and her associates raised funds from investors by promising high annual returns—described as close to 36%—and that the scheme continued through the group’s operations. The case focuses on the source and use of investor money and whether the collection of funds involved proceeds of crime under relevant laws. The Hindu and News18 both report the arrest and link it to the same broad allegation of large-scale misrepresentation to investors and the scale of the funds involved. Details on the specific mechanisms of the scheme, the timing, and the current status of other accused persons are not provided in the information supplied here. The ED’s action follows its investigation into the alleged fraud and the alleged financial wrongdoing tied to the fund-collection activities of the Heera Group.