Apr 22, 2021, 16:31 IST
VIJAYAWADA: One of the directors of the tainted Agrigold company Savadam Srinivas died due to complications after he was infected with COVID-19 on Wednesday. He had apparently contracted the coronavirus a week ago and died during treatment. He is the third director to die along with Immidi Sadasiva Varaprasad and Avva Uday Bhaskar.
The surge of corona cases in the State, as well as the country, has resulted in the deaths of many people including celebrities, politicians and those wanted in criminal cases.
The Enforcement Directorate (ED) is investigating the Agrigold scam that rocked the Telugu states under the Money Laundering Act, on the basis of cases registered in AP, Telangana and Karnataka.
: Friday, December 25, 2020, 7:31 AM IST
8,688 investors in Maharashtra duped; ED arrests 3 in Rs 6,380 cr ponzi scheme
Mumbai: The Enforcement Directorate (ED) s investigation into a multicrore ponzi scheme unearthed across several states has revealed that 8,688 investors in Maharashtra have been duped.
The three promoters of Agri Gold Group of Companies Avva Venkata Rama Rao, Avva Venkata Seshu Narayana Rao and Avva Hema Sundara Vara Prasad â have been arrested in the Rs 6,380 crore âAgri Gold Ponziâ scam.
The investigation was initiated based on multiple FIRs lodged in the states of Andhra Pradesh (AP), Telangana and Karnataka and revealed that in Maharashtra, 8,688 depositors holding 9,160 accounts had been collectively cheated to the tune of Rs 23,42,49,040.
Paradise Papers leak: ED seizes Hyderabad-based Agri Gold s assets worth Rs 4,100 cr
The three accused Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad have been arrested under various sections of the Prevention of Money Laundering Act (PMLA)
BusinessToday.In | December 25, 2020 | Updated 10:37 IST
The CBI started investigating the company after assessing FIRs filed against it in Andhra Pradesh, Karnataka and Telangana for allegedly defrauding around 32 lakh investors of funds worth Rs 6,380 crore
A day after the Enforcement Directorate (ED) arrested the three promoters of the Hyderabad-based Agri Gold group of companies in a money laundering case related to the Paradise Papers leak case, the central agency has attached assets worth nearly Rs 4,100 crore.
Updated Dec 25, 2020 | 07:29 IST
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana. Representational image
New Delhi: The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged Ponzi scheme, the agency said on Thursday.
The case pertains to the Agri Gold Group of Companies. Three promoters of the group were arrested by the central agency on Tuesday. The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery, the Enforcement Directorate (ED) said in a statement on Thursday.
ED attaches assets of Rs 4,109 crores from AP, other states indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.