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Naidu Eyeing Agri Gold Properties?

Naidu Eyeing Agri Gold Properties?

Is AP Chief Minister and Telugu Desam Party president N Chandrababu Naidu eyeing on the properties of the controversial Agri Gold group which had duped thousands of investors of deposits worth over Rs 6,800 crore?

According to speculations doing rounds in media circles, Naidu and his party leaders in Guntur and Vijayawada were bringing pressure on the Agri Gold group to dispose of its assets and repay the depositors and leave the place.

Though Agri Gold management has already told the High Court that it would take up auction of its properties on its own, Naidu wants that the entire auction be done by the government itself, so that the prime properties could be acquired at cheaper rate.

Going by reports, Naidu is particularly eyeing on Agri Gold’s theme park and resort - Haailand - located near Vijayawada. The value of this amusement park, which is located on 40 acres of land with landscaped gardens, cottages, boathouses, swimming pools, theme park, and water games on the Vijayawada highway, has risen sharply. Apart from this, the firm also owns other valuable assets between Vijayawada and Guntur.

Once Naidu and team acquire the properties at cheaper rate, they would jack up the price in the name of capital development, the reports said.

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