Andhra ready to handover Agri Gold probe to CBI

Amaravati, March 23: Andhra Pradesh Chief Minister N. Chandrababu Naidu today said that he is ready to handover the probe into Agri Gold case to the Central Bureau of Investigation (CBI).

He told the state legislative assembly that he has no objection to refer the investigations to the CBI but pointed out that the state has limited role as the investigations into the case are being monitored by the court, which is also auctioning the properties of Agri Gold.

Making a statement in the assembly, Naidu said Agri Gold management owe Rs.6,380 crore in nine states. Andhra Pradesh alone has 19 lakh depositors, who had deposited Rs.4,000 crore with the company.

Naidu said the company collected huge money from deposits by promising higher interest through investments in real estate.

The CM said the first case in Agri Gold issue was booked in 2014 and later many cases were booked across the state. Stating that his government inherited the problem from previous government, Naidu said the case was handed over to CB CID on January 5, 2015.

A committee is auctioning the properties of Agri Gold since April 2016 to recover the money and pay the same to the depositors. The statement said there are a total of 19 accused in the case and out of them eight were arrested. The accused floated bogus companies by diverting the deposits. He said CB CID had announced Rs.10 lakh reward for anybody providing information about the absconding accused.

Naidu advised depositors to have patience and face the situation boldly. He told them that suicide is not a solution to the problem. He announced Rs.3 lakh ex-gratia each to the family of those committed suicide.

The CM assured them that the government will ensure that justice is done to them. “We will make sure that Agri Gold properties are auctioned and depositors get back every single paisa,” he said.

Naidu said the government would act firmly against the culprits in Agri Gold and other white collar crimes.

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