Hyderabad High Court expressed its doubt by asking why Andhra Pradesh Government headed by Chandra Babu Naidu tries to shield Agri Gold bosses ? The Agri Gold scam is one of the most worst scams ever made in Andhra Pradesh.
The High court now wants to know why the Andhra police were hesitating to arrest the company’s chairman and its directors who have faked and cheated lakhs of depositors. However the Government side replied that they never arrested the Agri Gold team as they were so co-operative with the investigation.
The High Court directed that the government auction the sale of assets owned by Agri Gold and pay back the deposits to the depositors. The High Court has now ordered to start auction of assets of Agrigold from February 1st.
Right now we hear that six assets will be auctioned in the first phase and after that two more assets will be added. The court has asked to open a separate website to upload all the details regarding the Agrigold assets and tenders. The management of Agrigold told the court that it expected Rs.3500 crores in the first phase auction.
