Agrigold auction Latest News – agrigold auction properties List

By | March 28, 2017

Agrigold auction Latest News – agrigold auction properties List: 

In order to refund the amounts to the Agrigold Customers, as per the orders of Honourable High Court for States Andhra Pradesh & Telangana, Agri Gold Farm Estate India Pvt Ltd is carrying out sale of its properties through online e-auction, in a phased manner under the directions of a Committee appointed by Hon’ble High Court. The entire work relating to e-Auction of properties will be executed by two Service Providers namely, SAMIL (ShriramAutomall India Limited) & MSTC Ltd who were appointed by the Honourable High Court.

In the first phase, sale through e-auction in respect of some of the properties located in the States of Karnataka, Tamil Nadu, Telangana and Andhra Pradesh is taken up.

In this context, Agrigold announces a Mega E-Auction of its Properties, Residential plots & Flats, situated in the States of Karnataka, Tamil Nadu, Telangana and Andhra Pradesh.

This website www.agrigoldauction.com, will be the central source of all the latest information, live, up-coming and completed list of all auctioned properties of Agrigold along with the relevant Court Orders and other information.This website also provides the complete details about the Service Providers, their contacts and the dedicated URLs on which they conduct e-Auction of the Agrigold Properties.

The properties that are identified for e-Auction will be auctioned in different phases. Customers & Prospective Bidders are kindly requested to visit the site regularly for latest updates. A Help desk for providing all the information to prospective bidders/intending buyers is also created at Agri Gold Head Office at Vijayawada.

Agrigold auction Latest News

High Court to auction Agri Gold properties

28-03-2017: A division bench of Hyderabad High Court, comprising Justices Ramasubramanian and S.V. Bhatt, on Monday said that the court would conduct an auction of those properties of Agri Gold consortium that are valued above ₹50 crore, while the remaining could be auctioned through a web portal.

The bench was dealing with writ petitions seeking a Central Bureau of Investigation (CBI) probe and justice to depositors of Agri Gold and Akshaya Gold companies.

The bench adjourned the case to next Monday for response from the governments on the issue of streamlining the auction process.

The Andhra Pradesh government said no stone was left unturned in the investigation, and all the main kingpins of Agri Gold were behind bars.

Shell companies

The court was told that the analysis of CDs revealed startling facts about hundreds of shell companies.

The court was informed that no family members were being harassed. The HC did not evince any keen interest at the proposal that lands may be divided into plots and sold. The bench reminded that this involves heavy investment.

Regarding Akshaya Gold, the bench was told that out of 24 directors, 22 were arrested and charge-sheets filed. The bench directed categorisation of the properties for streamlining the sale through web portal.

Source: http://www.thehindu.com

Agri Gold has 160 sister companies: Andhra CID to Hyderabad HC

HYDERABAD: The Andhra Pradesh CID on Monday told the High Court that there are over 160 sister companies for scam hit Agri Gold company though the latter had earlier claimed of 80 such companies. With the state forensic laboratory unable to decode some of the material, the hard disks seized by the CID have been sent to the Central forensic laboratory, it said.

Special counsel of AP Krishna Prakash was making this submission before a division bench of the court comprising Justice V Ramasubramanian and Justice S V Bhatt dealing with a batch petitions filed by Agri Gold Depositors and Agents Welfare Association and others seeking CBI probe into the scam and for recovery of the depositors money.

The special counsel said that the fraudulent activities of the scam hit company were coming out in the ongoing forensic audit of the computer hard disks which were seized by the probe agency. Based on such findings only the CID was effecting arrests of other directors of the company who were not investigated so far. Most of them were absconding and the CID has gone to their residences and offices. There was no truth in the allegation made by the company counsel that the CID officers were behaving in a high-handed manner with the family members of the said directors, he added.

Source: http://www.newindianexpress.com

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