Live
- Horoscope Today: Astrological Prediction November 6, 2024 for All Zodiac Signs
- GAIL clocks net profit of Rs 2,672 crore in Q2
- Dubai Fitness Challenge is Here!
- Sr Men's National Hockey: Delhi, Karnataka, Bengal, A.P. win group matches on Day 2
- ‘Nation is proud of you’: West Bengal Guv to GRSE on laying keels of two NGOPVS
- KLH Bachupally Campus Promotes Unity Through Community Initiatives
- Kirttane, Kapadia bag golden double as India wins 14 medals in Asia Pickleball Games
- IDFC FIRST Bank leads the way in revolutionising real-time tracking of money sent abroad through Swift GPI
- Gurugram: 11 projects of GMDA worth Rs 249.77 crores approved
- Samsung R&D Institute, Bangalore Sets Up a State-of-the-Art Linguistics Lab focused on Artificial Intelligence and Machine Learning, Jointly with Garden City University, Bangalore
AgriGold victims get 24 crore govt relief: Deputy CM Alla Nani
The State government has sanctioned Rs 24 crore towards relief to 32,000 depositors of AgriGold private firm which duped more than 3.7 lakh investors to the tune of several hundreds of crores of rupees all over the state.
Eluru: The State government has sanctioned Rs 24 crore towards relief to 32,000 depositors of AgriGold private firm which duped more than 3.7 lakh investors to the tune of several hundreds of crores of rupees all over the state.
Out of total 1.5 lakh victims in West Godavari district, the sum was released to bring succor to victims who deposited Rs 10,000 or less in the first phase. At a function organized here on Thursday, Deputy Chief Minister Alla Nani handed over the cheque to the AgriGold victims.
Speaking on the occasion, he alleged that the previous TDP government had tried to encroach on the assets of the AgriGold rather than addressing the problems of the AgriGold victims. Many poor and middle class people had deposited in the AgriGold established in 1995.
After the organisation closed in 2015, as many as 364 depositors and agents died of depression. The company with Rs 10,000 crore assets was shut down because of faulty policies of the erstwhile TDP government, he alleged.
The government led by Chief Minister Jagan was committed to do justice to the victims and would release funds for victims who deposited between Rs 10,000 and Rs 20,000 in the second phase.
MLA Eliza said that nowhere in the country, a State government released funds to help victims who deposited in a private firm and lost. The credit for this help goes to the Chief Minister, he claimed. District Collector R Muthyala Raju and others were present.
