Probe Company ED Attaches Rs 4,109 Crore Belongings In Agri Gold Rip-off Case
Enforcement Directorate has hooked up houses value Rs 4,109 crore.
New Delhi:
The Enforcement Directorate has hooked up houses value Rs 4,109 crore, unfold throughout more than a few states, in a cash laundering case related to an alleged ponzi rip-off, the company mentioned on Thursday.
The case relates to Agri Gold Team of Firms, whose 3 promoters have been arrested through the central company on Tuesday.
“The hooked up belongings come with 2,809 landed houses, Haailand Amusement Park within the identify of Arka Recreational and Entertainments Non-public Restricted in Andhra Pradesh (unfold over 48 acres) and stocks of more than a few firms, crops and equipment,” the ED mentioned in a remark.
The belongings hooked up provisionally beneath the Prevention of Cash Laundering Act (PMLA) are situated in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
The ED initiated a probe into the topic after going thru more than a few instances filed towards the accused in Andhra Pradesh, Telangana and Karnataka for allegedly duping about 32 lakh traders after price range value Rs 6,380 crore have been amassed from them.
The “primary accused” are Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad — the promoters of Agri Gold Team of Firms who’ve been arrested through the ED.
