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Who Is Protecting Agri Gold Scamsters?

Who Is Protecting Agri Gold Scamsters?

The Agri Gold scam has been rocking the Telugu States of Telangana and Andhra Pradesh for nearly one year and the depositors have been crying foul over the way the company management duped them of more than Rs 7,000 crore which it had collected in the form of deposits.

Yet, the bigwigs of the company are able to get away without any arrests or prosecution. Everything is as usual with the company and the Tollywood channel being run by the company continues to operate with a lot of programmes.

After a lot of hue and cry, the CID has taken up the investigation thanks to the intervention of the High Court and arrested a couple of directors, who were out on bail within no time. 

The assets are frozen, but the bigwigs in the management had already diverted thousands of crores to other properties through benami transactions.

YSR Congress party president Y S Jaganmohan Reddy raised this issue in the Assembly on Monday and pointed out that the ruling TDP leaders had bought huge chunks of land of Agri Gold through benami transactions and that is why, the government was not taking any action against the company management. 

“The CID probe is an eye-wash. The government should order a CBI inquiry into it,” he demanded.

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