New Delhi: A case has come before the ED, where the main targets of the scam were Muslims following Sharia law, which prohibits earning interest on investments. The criminals targeted unsuspecting individuals by promising them returns of up to 36% per year on their investments and collected over Rs 6,000 crore in a few years.The conspiracy behind this scam was hatched by a woman named Nauhera Shaikh from Hyderabad. He was arrested in a Gurgaon hotel last week after being on the run for over a month after the Supreme Court canceled his bail and asked him to surrender.The fraud woman also cheated the courts and enforcement agencies many times. He also tried to mislead the Supreme Court by saying that he had surrendered before the Hyderabad Police but they refused to take him into custody. Assets worth over Rs 400 crore under their beneficial ownership and control have been seized and the process of returning them to the victims is underway.“Nowhera Shaikh, her family members and other associates lured lakhs of people to invest in their Ponzi schemes,” a senior ED official said. Early investors made huge profits, but 1.7 lakh others lost their deposits. An inquiry was ordered by the SC and later all the properties attached by the ED were ordered to be seized and disposed of as compensation.The woman and her associates filed several affidavits and claims, which further delayed the sale of the property. One of his associates, calling himself ‘Kalyan Banerjee’, impersonated a PMO official to derail the Supreme Court order on the sale of properties and their compensation. He was arrested in January. The agency had seized 12 vehicles, including a BMW, a Mercedes Benz, a Mahindra Scorpio, several Toyota Fortuners and cash worth Rs 92 lakh during searches at his residence in 2024.