AP Govt disburses ₹667 crore for Agri Gold scam victims

Andhra Pradesh Authorities has credited ₹666.84 crore into the accounts of over seven lakh victims of Agri Gold rip-off who deposited upto ₹20,000.

Talking on the event, Chief Minister YS Jagan Mohan Reddy mentioned the victims embrace each day wage employees to middle-class households, who deposited their earnings trusting the administration.

Agri Gold launched a collective funding scheme with out regulatory approvals and picked up crores of rupees. The rip-off was busted in 2015 and the State Authorities took over the belongings. Conserving the promise made to these victims, the State authorities has credited ₹905.57 crore to nearly 10.4 lakh households in two phases, he mentioned.

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As recognized by District Authorized Service Authority (DLSA), the State authorities had launched ₹238.73 crore in November 2019 to three.4 lakh Agri Gold rip-off victims who had deposits lower than ₹10,000.

Nearly 3.86 lakh depositors who have been unnoticed within the first tranche, have been credited with ₹207.61 crore on Tuesday.

The Chief Minister acknowledged that your complete course of is being accomplished in essentially the most clear method by volunteers and CID officers.