2 years after Nowhera Sheikh’s arrest, investors are still to get their money back

Dubai: She was the quintessential Muslim businesswoman — a self-made billionaire who wore a hijab and cared for the community. Religious scholars in India and Pakistan swore by her. ‘In the Interest of All Mankind’, proclaimed her company’s tagline.For hundreds of thousands of families across South Asia and large parts of the Gulf, Dr Nowhera Sheikh — fondly called ‘Apa’ (Urdu word for elder sister) — was a veritable female messiah.She promised and gave such high returns (36 per cent annually) on their investments that financial wizards would rub their eyes in disbelief. Some 200,000 people wo…

Read More

HEDGE accordingly