Court seeks report on Agrigold company from AP, TS

Hyderabad:A Division Bench comprising acting Chief Justice Dilip B. Bhosale and Justice S.V. Bhatt on Monday directed the governments of Telangana and Andhra Pradesh to submit their report to the court informing about the cases registered and steps taken with regard to non-payment of deposits to the customers by Agri Gold Farms Limited.

The Bench was dealing with a public interest litigation by the Telangana Agri Gold Customers and Agents Welfare Association, represented by its president A. Ramesh Babu of the city, seeking a direction to hand over the case to CBI or ED.

The court was told that about 40 lakh depositors had been suffering due to non-payment of maturity amount by the company. So far, about 70 depositors and agents had committed suicide.

The Bench was informed by the AP government that cases were registered and properties attached by the court under Protection of Depositors Act. The Bench asked the DGPs of both the States to submit their reports informing the steps taken, including the number of cases registered, arrest of the persons, status etc. The case was listed for August 3 and the Bench directed notices to the respondent company.

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