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The Economic Times
The Economic Times

Rs 60,00,00,00,000 Scam: How this con woman used Sharia law to trap nearly 2 lakh investors chasing 'Halal profits'

ED the Enforcement Directorate Hyderabad

A massive alleged Ponzi scam worth more than Rs 6,000 crore has once again come under the spotlight after the Enforcement Directorate arrested Hyderabad-based businesswoman Nowhera Shaik, who had reportedly been absconding for over a month, according to a report by The Times of India.

According to officials, the scam mainly targeted Muslims looking for investment options that complied with Sharia law, which prohibits earning interest on money.

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