TCN News
Bushra Begum and her husband Siraj ur Rahman both teachers at the Islamic Universal Research Center at Malakpet, Hyderabad duped several investors mostly women in the name of giving halal profits.
The duo convinced the people saying that they had a gold business in Dubai where high returns were guaranteed. They offered to give people double the amount they invested and 3% monthly profit (interest).
For a few months she paid the investors regularly but when she stopped paying the monthly returns. She then informed her investors that she had deposited the money in Heera Gold which is closed now with the founder CEO, Nowhera Sheikh in jail.
Soon word spread and the women started visiting her house to ask back for their deposits. And unable to provide convincing answers to the investors the couple locked their house and fled. No one was able to contact them on their phones.
Nearly 11 women have filed complaints with the police at Saidabad police station against Bushra Begum. Each woman is said to have invested more than 5 lakhs.
Bushra Begum has duped more than 50 women nearly 9 crores. She and her husband ran an office where they had a few employees who have also not been paid their salaries.
The women have complained that Bushra Begum and her family were leading a luxury life with each person in the house owning a vehicle and she was allegedly distributing expensive items to her family members. All these things were bought from our money, claimed the women to the press.
‘And now Bushra Begum says she invested the money in Heera Gold, how is it possible when Nowhera sheikh is in Jail?’ ask the women.
Bushra Begum started her business after the arrest of Nowhera Sheik.
The police have registered the complaints and made 2 FIR for cheating and are investigating the matter and trying to trace the absconding couple who had earned a good reputation as Islamic teachers in the Universal Islamic research center. And this is precisely why the people believed in them because they were imparting high morals and values of Islam. ‘How could they dupe let alone lie?’ asked a woman named Asiya in the press interview.
The police have said they will also verify whether Bushra Begum had invested in the Heera Gold business.
Whistleblower Shahbaz Ahmed Khan, also a member of AIMIM who had also formed a group for investors of Heera Gold who had been duped to help them file complaints, has announced legal aid to these women who have been duped by Bushra Begum and her husband Siraj ur Rahman. The legal aid has been announced in the wake of Bushra’s mother filing counter complaints against the women who had come to her house enquiring for Bushra.