2021-01-03 18:40:13 :
Agri Gold rip-off concerned a number of thousand crore rupees and duped 3.2 million individuals. To hint the problem, lets return to the yr 1995. In Andhra Pradesh, the affected depositors are Rs 19.62 Lakh and it collected Rs 9000 Crs throughout the nation together with many states like Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka. The corporate took the cash and invested closely in actual states and different companies, earlier than branching out to different areas as properly, all of the whereas promising their clients that the returns would solely enhance. Agri gold by no means returned the deposits to the depositors and variety of individuals dedicated suicide.
The principle accused are Avva Venkata Rama Rao, Avva Hema Sundara Vara Prasad and Avva Venkata S Narayana Rao– the promoters of Agri Gold Group of Firms.
Agri Gold firm cheated over 3 lakh individuals in Telangana, Karnataka and Telangana States. Largely, Telugu states households and their connections have been betrayed within the fraud. Agri Gold Group additionally invested near Rs 100 Cr, which they collected from the individuals, in Tollywood TV. Due to the dearth of a sturdy authorized framework, unlawful companies are constantly rising. Such kinds of unlawful companies are killing actual business owners.
The criminals/Cheaters and their business are getting the alternatives to increase the scope and scale of their operations in a way that has direct impacts to actual business proprietor. The unlawful companies are booming and rising considerably each hour of daily.