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Agri Gold deposits scam


The Agri Gold deposits scam happened in the states of Telangana and Andhra Pradesh. About 32 lakh people have made deposits in the company to the tune of Rs. 7000 crores.

A PIL case has been filed by Telangana Agri Gold customers and agent's welfare association and is represented by its president A Ramesh Babu. They have sought a probe either by CBI or ED into the scam.

High Court Committee to oversee auctioning of properties

A Division Bench of the High Court at Hyderabad has constituted a committee to oversee the auctioning of properties belonging to Agri Gold Company. The proceedings from the sale of properties will be deposited in the bank account to be opened in the name of High Court Registrar. The committee will be headed by retired High Court judge and the names of the members of committee will be announced by the Bench on 12 October 2015. Six properties have been identified to be sold in the first instance of the auctioning.

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