Court awards three-year jail term to AgriGold Chairman

Tuesday, October 3, 2017

The Badvel Judicial First Class Magistrate court sentenced AgriGold Chairman and Managing Director Avva Venkata Rama Rao to three year’s imprisonment and a fine of Rs.6,000 in a case registered in 2001.

The accused was produced in the court today and the judge pronounced the judgement. The police had registered a case under Sections 401, 20, 421 and 120B read with Section 34 of IPC.

The police charged him with fraudulently purchasing 300 acres of land belonging to Max Worth company at Siddharam village in Porumamila mandal in Kadapa district at a thruway price through an agent according to Mydukur DSP B.R.Srinivasulu.

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