Agri Gold Depositors Money Back/Deposits Repayment
Agri Gold Depositors may get their Money Back (Agri Gold Deposits Repayment). Agri Gold Depositors investment will soon be refund. Hyderabad High Court directed the Agri Gold Group of Companies to file an affidavit with details of ASSETS and LIABILITIES owned by them through out the country to permit them to SELL all their existing properties in order to REPAY the LAKHS OF AGRI GOLD INVESTORS. This is really a Good new for AGRI GOLD INVESTORS and AGRI GOLD AGENTS. No further suicides and No further Dharnas and Rallies would take place as banner items in news papers!
While granting A WEEK to the company to file a sworn affidavit, the Bench comprising acting Chief Justice Sri.DILIP B.BHOSALE and Justice Sri.S.V.BHATT reiterated that the helpless investors who had deposited their life’s savings with AGRI GOLD COMPANIES should get back their money with interest and directors of the company must inform the court what properties they were going to sell to settle the dues.
The investors and agents must appreciate the continuous efforts of Sri.A.RAMESH BABU, President of the TELANGANA AGRI GOLD CUSTOMERS AND AGENTS WELFARE ASSOCIATION. Because he has been fighting for the repayment and filed a public interest litigation seeking a direction to handover the case to the CBI or Enforcement Directorate.
Earlier, AP State Govt has issued G.O’s for the Attachment of properties of M/s Agri Gold Farms & Estates India Pvt Ltd. under sec 3 of Andhra Pradesh Protection of Depositors of Financial Establishments Act, 1999.
Agri Gold had collected deposits and offering higher rates of interests besides real estate operations and construction. It has done its business in the states of Andhra Pradesh, Telangana and Karnataka. In the recent times, the company was not paid the refunds to the depositors nor registered any land on the depositors’ names. Cheques issued by the company towards refunds have been dishonored by the respective Banks.
Agri Gold depositors need to submit their information at the official website http://protectionofapdepositors.com. AP State Govt has launched this website to protect depositors from fraudulent schemes.
About 32,00,000 subscribers have joined the Agri God Firm and made deposits to a tune of Rs.6,380 Crores. The cheques given by the company to the extent of Rs.700 Crores were dishonored by the respective banks as there was no sufficient balance in the company’s accounts and the C.I.D had identified immovable properties in the states of Karnataka, Telangana & Odisa. The CID has recommended attachment of various properties of the company including nearly 16,858 acres and 82,208 square yards of land in Andhra Pradesh, 2.50 kilos of gold, Rs 7.50 lakh cash & 54 four-wheeler’s.
Hopefully all the Agri Gold Investors/Agri Gold Depositors would get their money back worth nearly 7000 Crores with in few days time. All the best Agri Gold Depositors!
Check the official website for entering your information in the protection of AP depositors website http://protectionofapdepositors.com.