Sun. Jun 20th, 2021
Agri Gold Group fraud

Telangana State CID officials are likely to write to land registration officials, asking for a report on the company’s properties and owners in Hyderabad and other districts of the state.

Since the company has lakhs of customers (depositors) in Telangana and has properties in Hyderabad and other parts of the state, AP CID officials have held a meeting with TS CID officials and explained the case details and progress of the investigation.

After meeting with Andhra Pradesh CID officials and obtaining details, Telangana State CID officials will form special teams to look into the Agri Gold cases by accepting complaints from depositors in Telangana and to locate the properties of the accused.

Ch Dwaraka Tirumala Rao, AP’s additional DGP (CID), whose office is located on the TSPA premises in the city, and around ten special teams are investigating the case. He told Express that they explained the case, properties of the accused in Hyderabad and other districts of Telangana and the details of customers to TS CID officials.

Telangana’s additional DGP (CID) Govind Singh said they would coordinate with Andhra Pradesh CID officials keeping in mind the interests of lakhs of depositors in Telangana. The company has huge properties in the state and CID officials would locate them.

According to Andhra Pradesh CID officials, they collected a list of 32,02,628 depositors from the digital data available with the company. In AP there are 19.52 lakh depositors. Of them, 13.83 lakh have deposited less than ` 20,000 each, amounting to ` 1,182.17 crore. The company’s balance sheets for 2011-12, 2012-13 and 2013-14 were also obtained.

Andhra Pradesh police registered cases against Agri Gold in 2015 following complaints and, later, transferred the case to the CID for investigation.

Digital Marketing Online Training in India