3 promoters of Agri Gold Group arrested in Rs 6,830Cr ponzi scam Wed, Dec 23 2020 03:04:47 PM New Delhi, Dec 23 (IANS): The Enforcement Directorate (ED) on Wednesday said it has arrested three promoters of the Agri Gold Group of Companies in a Ponzi Scheme Fraud Case worth Rs 6,380 crore. Those arrested have been identified as Avva Venkata Rama Rao, Avva Venkata Seshu Narayana Rao, Avva Hema Sundara Vara Prasad, who are the main accused under the sections of the prevention of money laundering act (PMLA). The accused were produced before the ED PMLA Court, Hyderabad, which granted them 14-day judicial custody. The ED had filed a case on the basis of multiple FIRs lodged in Andhra Pradesh, Telangana and Karnataka.