October 20, 2021
Scam/Fraud

Will state government pay AgriGold victims, asks Telangana HC- The New Indian Express

By Express News Service

HYDERABAD:  The Telangana High Court on Saturday asked the State government whether it would be releasing funds to the victims of the AgriGold scam. 

A bench comprising Justice A Rajasekhar Reddy and Justice T Vinod Kumar was hearing a writ petition filed by Ravikanth Sinha, one of the victims of the Ponzi scheme, who was seeking direction to the High Court Registry to release the money equivalent to the deposits made by him, after duly verifying the bonds issued by AgriGold.

The petitioner informed the court that he had deposited Rs 26 lakh in the company after his retirement. He told the court that he had approached the Rachakonda Commissioner of Police and lodged a cheating complaint against AgriGold. 

“Based on my complaint, an FIR was registered at the Uppal police station. On the orders of this court, the money was placed under the name of the Judicial Registrar of this…

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