Agri Gold Depositors in Eight States to Launch Protest

HYDERABAD: With most of the properties of the scam-hit Agri Gold group located in Andhra Pradesh, Agri Gold depositors and agents on Sunday urged the State government to expedite the process of auctioning the company’s seized properties so as to repay their deposits.

Agri gold depositors and agents spread over eight States — AP, Telangana, Karnataka, Tamil Nadu, Kerala, Chattisgarh, Odisha and Andaman & Nicobar Islands — have decided to organise relay hunger strikes from Feb 22 to 27 in front of the district collectorates in all these States to exert pressure on the respective governments to expedite the auction of seized properties of the company.

They also decided to organise a protest demonstration at Jantar Mantar in New Delhi and submit a memorandum to Prime Minister Narendra Modi seeking justice to them.

Disclosing this to mediapersons here on Sunday, All India Agri Gold Customers and Agents Welfare Association working president A Ramesh Babu along with some other depositors and agents alleged that despite the High Court’s directive to the AP government to auction the seized properties of Agri Gold, the government was delaying the process deliberately “to favour the company management”.

“Earlier, when we approached Chief Minister N Chandrababu Naidu, he told us that since the matter is in the court, the government could not interfere in it. Now that the court has given permission, what is stopping the AP government from auctioning the properties?” he asked.

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